Business, 12.12.2019 00:31, eskarletche8

Reggie is a self-employed taxpayer who turns 59 years old at the end of the year (2017). in 2017, his net schedule c income was $300,000. this was his only source of income. this year, reggie is considering setting up a retirement plan.

what is the maximum amount he may contribute to the self-employed plan in each of the following situations?

a. he sets up a sep ira.
b. he sets up an individual 401(k).

Answers: 3

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Reggie is a self-employed taxpayer who turns 59 years old at the end of the year (2017). in 2017, hi...