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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 2019 she reported $106,000 of revenues and $41,200 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 2019? (Round your final answer to the nearest whole number.)

a. $12,044.

b. $17,158.

c. $61,600.

d. $54,600.

Reference no: EM132569822

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