Good Afternoon

Once again – I come to this board looking for guidance on SEP IRAs

FACTS:
An individual is an employee (non owner) for his “day job” where he participates and contributes the maximum deferral amount of $17,500 to his 401(k) + employer contributions
Same individual serves as a consultant for his own business where he is sole owner (sole proprietor) Further – his consultant income is $30,000.

My understand is he can establish a SEP using his consulting income (i.e. 30k) without any offset from his 401(k) allocation (deferrals and employer contributions)

In short he can allocate lesser of 30k or 25% to his SEP-IRA? Correct? This would be in addition to any and all 401(k) allocation? Correct?

Thank you!