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Determine the maximum contribution that can be made to a Keogh plan in each of the...

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Accounting

Determine the maximum contribution that can be made to a Keoghplan in each of the following cases. In all instances, theindividual is self-employed, and the self-employment tax reductionhas already been taken.

  1. Self-employment income of $69,000.
  2. Self-employment income of $69,000 and wage income of$39,000.
  3. Self-employment income of $195,000.
  4. Self-employment income of $308,000.

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