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Retirement tax questions
25% of the amount on Form 1120-S line 7 (assuming that you are the only officer) or whatever portion of line 7 pertains to you (if there are multiple officers including yourself). The amount on line 21 has no bearing on the amount of a SEP contribution that the S-corp can make on anyone's behalf.
‎August 16, 2022
9:24 AM
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