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Author Question: Jim is self employed and had a "banner" year in 2015, earning $350,000 net income. He wanted to make ... (Read 169 times)

ghost!

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on: Apr 14, 2019

Question 1

Bill is self-employed and has established a SEP retirement plan. Bill's net income for 2015 is $74,500. How much can Bill contribute to the SEP?


◦ $40,000
◦ $17,000
◦ $18,625
◦ $11,500

Question 2

Jim is self employed and had a "banner" year in 2015, earning $350,000 net income. He wanted to make a significant contribution to his retirement planning and set up a SEP plan. Since the plan allows for contributions up to 25% of net income, his maximum contribution was


◦ $53,000.
◦ $87,500.
◦ $75,000.
◦ $63,000.
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Marked as best answer by ghost! on Apr 14, 2019

iceage

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Reply #1 on: Apr 14, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ghost!

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Reply 2 on: Apr 14, 2019
Great answer, keep it coming :)

elyse44

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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