Kathy is 48 years of age and self-employed.During 2019 she reported $500,000 of revenues and $100,000 of expenses relating to her self-employment activities.If Kathy has no other retirement accounts in her name,what is the maximum amount she can contribute to an individual 401(k)?

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The Answer of Kathy is 48 years of age and self-employed.During 2019 she reported $500,000 of revenues and $100,000 of expenses relating to her self-employment activities.If Kathy has no other retirement accounts in her name,what is the maximum amount she can contribute to an individual 401(k)?

Kathy Is 48 Years of Age and Self-Employed