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Business, 14.12.2019 05:31 gl648809

Reggie is a self-employed taxpayer who turns 59 years old at the end of the year (2019). in 2019, his net schedule c income was $304,000. this was his only source of income. this year, reggie is considering setting up a retirement plan. what is the maximum amount he may contribute to the self-employed plan in each of the following situations? (round your intermediate calculations to the nearest whole dollar amount.)

a. he sets up a sep ira.
b. he sets up an individual 401(k).

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Reggie is a self-employed taxpayer who turns 59 years old at the end of the year (2019). in 2019, hi...

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