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What is the maximum amount she can contribute

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Question - Kathy is 60 years of age and self-employed. During 2018 she reported $100,000 of revenues and $40,000 of expenses relating to her self-employment activities. If Kathy has no other retirement accounts in her name, what is the maximum amount she can contribute to a simplified employee pension (SEP) IRA for 2018?

A. $11,152

B. $17,152

C. $61,000

D. $55,000

Reference no: EM132190812

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