SEP Contributions

Husband and wife work for their company, employees are independent contractors,Can we count both their incomes from the business, they are an S-corp, they file jointly. Also, how much is allowed if W2 earned income is 50(K) for both paid thru S-Corp but net profit is only 4,000?



25% of Box 1 W-2 income = 12,500.



Add new comment

Log in or register to post comments