12. Rovena is a self-employed CPA whose 2022 net earnings from her business (before the H.R. 10 plan contribution but after the deduction for one-half of self-employment taxes) is $350,000. What is the maximum contribution that Rovena can make on her behalf to her H.R. 10 (Keogh) plan in 2022? A) $58,000 B) $61,000 C) $80,000 D) $100,000
12. Rovena is a self-employed CPA whose 2022 net earnings from her business (before the H.R. 10 plan contribution but after the deduction for one-half of self-employment taxes) is $350,000. What is the maximum contribution that Rovena can make on her behalf to her H.R. 10 (Keogh) plan in 2022? A) $58,000 B) $61,000 C) $80,000 D) $100,000
Chapter19: Deferred Compensation
Section: Chapter Questions
Problem 18CE
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Question
![12. Rovena is a self-employed CPA whose 2022 net earnings from her business (before the H.R.
10 plan contribution but after the deduction for one-half of self-employment taxes) is $350,000.
What is the maximum contribution that Rovena can make on her behalf to her H.R. 10 (Keogh)
plan in 2022?
A) $58,000
B) $61,000
C) $80,000
D) $100,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fefb3926d-a816-4971-85e9-1f0dbdf5436e%2Fed71cf50-f48c-44db-b8bc-79d71bf21627%2Fbqljpu5_processed.png&w=3840&q=75)
Transcribed Image Text:12. Rovena is a self-employed CPA whose 2022 net earnings from her business (before the H.R.
10 plan contribution but after the deduction for one-half of self-employment taxes) is $350,000.
What is the maximum contribution that Rovena can make on her behalf to her H.R. 10 (Keogh)
plan in 2022?
A) $58,000
B) $61,000
C) $80,000
D) $100,000
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