|
14.
|
Debby is a self-employed accountant with a qualified defined benefit plan (a Keogh
plan). She has the following income items for the year:
|
Earned income from self-employment
|
$60,000
|
|
Dividend income
|
7,000
|
|
Interest income
|
3,000
|
|
Net short-term capital gain
|
11,000
|
|
Adjusted gross income
|
81,000
|
|
|
|
What is the maximum amount Debby can deduct as a contribution to her retirement plan in 2015, assuming the self-employment tax rate is 15.3%?
|