Debby is a self-employed accountant with a qualified defined benefit plan (a Keogh plan).She has the following income items for the year:
What is the maximum amount Debby can deduct as a contribution to her retirement plan in 2012, assuming the self-employment tax rate is 15.3%?
A)$9,235.
B)$12,000.
C)$50,000.
D)$55,761.
E)None of the above.

Question

Debby is a self-employed accountant with a qualified defined benefit plan (a Keogh plan).She has the following income items for the year:
 What is the maximum amount Debby can deduct as a contribution to her retirement plan in 2012, assuming the self-employment tax rate is 15.3%?
A)$9,235. 
B)$12,000. 
C)$50,000. 
D)$55,761. 
E)None of the above.

Quizplus · Accepted Answer

The Answer of Debby is a self-employed accountant with a qualified defined benefit plan (a Keogh plan).She has the following income items for the year:
 What is the maximum amount Debby can deduct as a contribution to her retirement plan in 2012, assuming the self-employment tax rate is 15.3%?
A)$9,235. 
B)$12,000. 
C)$50,000. 
D)$55,761. 
E)None of the above.

Debby Is a Self-Employed Accountant with a Qualified Defined Benefit