A single self-employed taxpayerwants to set up a SEP plan and to maximize the amount...
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Accounting
A single selfemployed taxpayerwants to set up a SEP plan and to maximize the amount of their contributions for the year. They made $ in net selfemployment. What is the maximum deduction that they could receive for contributions they make into the plan?
Select one:
a $; SEPIRAs cannot apply to selfemployed individuals
b $; The elective deferral maximum for TY
c $; The SEPIRA maximum for TY
d $; Up to of net selfemployment
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