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Author Question: Tessa is a self-employed CPA whose 2016 net earnings from her business (before the H.R. 10 plan ... (Read 59 times)

burchfield96

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Question 1

Tanya is considering whether to rollover her traditional IRA to a Roth IRA. Factors important to consider include all of the following except
◦ current marginal tax rate.
◦ expected tax rate after retirement.
◦ whether the current year's AGI will exceed $100,000.
◦ her age.

Question 2

Tessa is a self-employed CPA whose 2016 net earnings from her business (before the H.R. 10 
plan contribution but after the deduction for one-half of self-employment taxes) is $400,000. What is the maximum contribution that Tessa can make on her behalf to her H.R. 10 (Keogh) plan in 2016?
◦ $100,000
◦ $80,000
◦ $66,250
◦ $53,000


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Marked as best answer by burchfield96 on Sep 13, 2020

jennafosdick

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burchfield96

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)


AmberC1996

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Reply 3 on: Yesterday
Wow, this really help

 

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