Q is a self-employed individual who makes shoes.He makes 100,000 a year. How much may Q invest in a SEP?

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Q is a self-employed individual who makes shoes.He makes 100,000 a year. How much may Q invest in a SEP?

Options

a. $25,000
b. $10,000
c. $30,000
d. $15,000

Answer: A

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