Kathy is 48 years of age and self-employed. During 2022 she reported $540,000 of revenues...
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Kathy is 48 years of age and self-employed. During 2022 she reported $540,000 of revenues and $108,000 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 an individual 401(k) ? Multiple Choice $61,000 $67,500 $6,500 $20,500
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