Calculate Your Contributions Part Three

admin — Sun, 23 May 2010 15:42:18 +0000

Example: A sole proprietor wishes to contribute 25% to a SEP for himself and his employees. His net earnings from Schedule C for 2004 are $105,000. The employee’s compensation and the SEP Contribution made by the employer on the employee’s behalf have already been reflected in net earnings. Assume a 25% desired Contribution rate. One-half of [...]

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Calculate Your Contributions Part Three