Susan is a self-employed accountant with a qualified defined contribution plan (a Keogh plan).She has the following income items for the year: $\begin{array}{lr}
\text { Earned income from self-employment } & \$ 50,000 \
\text { Dividend income } & 8,000 \
\text { Interest income } & 2,000 \
\text { Net short-term capital gain } & 12,000 \
\text { Adjusted gross income } & \$ 72,000
\end{array}$ What is the maximum amount Susan can deduct as a contribution to her retirement plan in 2014,assuming the self- employment tax rate is 15.3%?
A)$9,235.
B)$12,000.
C)$46,000.
D)$46,468.
E)None of these.

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The Answer of Susan is a self-employed accountant with a qualified defined contribution plan (a Keogh plan).She has the following income items for the year: $\begin{array}{lr}
\text { Earned income from self-employment } & \$ 50,000 \
\text { Dividend income } & 8,000 \
\text { Interest income } & 2,000 \
\text { Net short-term capital gain } & 12,000 \
\text { Adjusted gross income } & \$ 72,000
\end{array}$ What is the maximum amount Susan can deduct as a contribution to her retirement plan in 2014,assuming the self- employment tax rate is 15.3%?
A)$9,235.
B)$12,000.
C)$46,000.
D)$46,468.
E)None of these.

Susan Is a Self-Employed Accountant with a Qualified Defined Contribution