Contributions by a self-employed individual to a SEP plan for 2017 are limited to the lesser of a percent of net earned income or:

Name: Contributions by a self-employed individual to a SEP plan for 2017 are limited to the lesser of a percent of net earned income or:
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The maximum amount that can be contributed to a SEP plan for 2017 is $54,000 or 25% of net earned income, whichever is less. Since $54,000 is greater than 25% of net earned income, the maximum contribution is $54,000.

Contributions by a Self-Employed Individual to a SEP Plan for 2017