question archive Mario, a self-employed plumber, makes a maximum contribution to a SEP for his employee, Peach

Mario, a self-employed plumber, makes a maximum contribution to a SEP for his employee, Peach

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Mario, a self-employed plumber, makes a maximum contribution to a SEP for his employee, Peach. Peach's compensation is $50,000 for the year. How much is he allowed to contribute to the plan for Peach?

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