Gordon is a 52-year-old self-employed contractor (no employees) .During 2013,his Schedule C net income was $88,000.What is the maximum amount that Gordon can contribute to (1) a SEP IRA and (2) an individual 401(k) ? (Round your answers to the nearest whole number)

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The Answer of Gordon is a 52-year-old self-employed contractor (no employees) .During 2013,his Schedule C net income was $88,000.What is the maximum amount that Gordon can contribute to (1) a SEP IRA and (2) an individual 401(k) ? (Round your answers to the nearest whole number)

Gordon Is a 52-Year-Old Self-Employed Contractor (No Employees)