Q. For this year and later years, what is the limit on contributions to a solo defined contribution plan set up for you as the sole worker in a small business?
a. 15 percent of compensation or self-employment income.
b. 25 percent of compensation or 20 percent of self-employment income.
c. 15 percent of compensation or 13.0435 percent of self-employment income.
d. 25 percent of compensation or 15 percent of self-employment income.
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