retirement plan for S-Corp

I set up S-Corp last year. Now I am thinking on retirement plan for last year.

say, I earned 100k last year. 30k as expense, 20k as personal income, 50K as business income.

My question:

SEP-IRA estimation is based on 20K personal income ? or on 70k (combine personal income and business income) ?

Thank

所有跟帖： 

• try turbotax business, it does it for you. -jy101- ♂ (0 bytes) () 02/21/2012 postreply 22:49:08

• 回複：try turbotax business, it does it for you. -snowman2000- ♂ (164 bytes) () 02/21/2012 postreply 22:57:49

• I don't know. -jy101- ♂ (68 bytes) () 02/21/2012 postreply 23:00:54

• Your personal income should be 70k. Isn't ? 回複：retirement plan f -tianfangye- ♂ (0 bytes) () 02/21/2012 postreply 23:24:18

• 回複：Your personal income should be 70k. Isn't ? 回複：retirement pla -snowman2000- ♂ (526 bytes) () 02/22/2012 postreply 06:38:41

• S-corp is a pass thru entity. -jy101- ♂ (82 bytes) () 02/22/2012 postreply 08:03:01

• What is a pass thru entity? -meowi- ♀ (0 bytes) () 02/22/2012 postreply 09:18:12