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02-01-2023
Business

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86.0% complete question perry operates in-n-out pharmacy, a sole proprietorship. in-n-out sponsors a profit sharing plan. perry had net income of $205,000 and paid self employment taxes of $23,197 (assumed) during the year. if perry makes a 15% of salary contribution on behalf of all of his employees to the profit sharing plan, how much is the contribution to the profit sharing plan on behalf of perry? $24,100 $25,220 $29,010 $30,750

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