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Author Question: Frank is a self-employed CPA whose 2016 net earnings from his trade or business (before the H.R. 10 ... (Read 34 times)

Haya94

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on: Sep 13, 2020

Question 1

Feng, a single 40 year old lawyer, is covered by a qualified retirement at work.  His salary is $110,000, and his total AGI is $126,000.  The maximum contribution he can make to a Roth IRA in 2016 is
◦ 0.
◦ $3,300.
◦ $2,200.
◦ $5,500.

Question 2

Frank is a self-employed CPA whose 2016 net earnings from his trade or business (before the H.R. 10 plan contribution but after the deduction for one-half of self-employment taxes) is $240,000. What is the maximum contribution that Frank can make on his behalf to his H.R. 10 (Keogh) plan in 2016?
◦ $66,250
◦ $48,000
◦ $53,000
◦ $60,000
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by Haya94 on Sep 13, 2020

cswans24

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Reply #1 on: Sep 13, 2020
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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Haya94

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

ttt030911

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

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