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Lynne Is a 15% Partner with Webb Brothers and Has

Question 38

Multiple Choice

Lynne is a 15% partner with Webb Brothers and has net self-employment income of $100,000 in 2013.The maximum amount that Lynne can contribute to a Keogh profit sharing plan is


A) $ 5,000
B) $13,045
C) $15,000
D) $20,000
E) $25,000

Correct Answer:

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