Guest Boilerburm Posted December 17, 2002 Posted December 17, 2002 I don't get it! Tried this on 401(k) board and didn't get a response - maybe someone here can help me understand: I must be having a brain freeze. I am looking at the ASPA Journal, July/Aug 2002 edition, at the article titled "Single-Participant 401(k) Plan Sales Strategies for Third Party Administrators". They have a table on Page 16, and I just can't seem to come up with their numbers. For example, I would think that a SP with Net Profits of $10K would have a max contribution of $9,235. If someone could take the time to show me what I am missing, I would appreciate it.
Mike Preston Posted December 18, 2002 Posted December 18, 2002 You need to subtract the 1/2 FICA tax.
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