Checking the box to calculate maximum contributions seems to not provide the full 20% of profit for profit-sharing contributions.
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Your net profit is in the range where your contribution is subject to the little known limitation that your total contribution is not permitted to exceed net earnings reduced by your employer contribution. That works out to $18,000 of elective deferral plus $1,254 of employer contribution:
Your net profit is in the range where your contribution is subject to the little known limitation that your total contribution is not permitted to exceed net earnings reduced by your employer contribution. That works out to $18,000 of elective deferral plus $1,254 of employer contribution:
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