Determine the maximum contribution that can be made to a Keogh plan in each of the...

Determine the maximum contribution that can be made to a Keogh plan in each of the following cases. In all instances, the individual is self-employed, and the self-employment tax reduction has already been taken.

Self-employment income of $69,000.
Self-employment income of $69,000 and wage income of $39,000.
Self-employment income of $195,000.
Self-employment income of $308,000.

Expert Solution

ekkarill92 answered 1 year ago

1. Can you have a Keogh and an IRA plan or even a Roth IRA?

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