Ann is the sole owner of a computer store and established a simplified employee pension plan (SEP) for herself and her two full-time employees. Her net self-employment income for the year is $70,000. The maximum amount she can contribute to her SEP is:
A. $9,130.
B. $10,500.
C. $14,000.
D. $17,500.
E. $49,000.
Answer: C
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