Question about SEP IRA for S-Corp

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Subject Author Date Question about SEP IRA for S-Corp cmay 12-19-2007
Posted by cmay on December 19, 2007, 12:47 pm I know there are percentage limits on the SEP IRA for what someone can contribute. With my S-Corp, I pay myself a salary, and the rest of the profits are paid out as a distribution (I am the only shareholder). Would my % limit be based on my salary, or on my salary+distributions? Thanks. Similar Threads Posted IRA question January 8, 2007, 5:00 am 529 question January 11, 2007, 4:41 pm TVM Question, please help February 8, 2007, 4:33 pm S.S. Question, Please September 1, 2007, 8:40 pm 403(b)/457(b) question October 3, 2007, 4:24 pm Re: Another Soc Sec question October 30, 2007, 11:29 am RMD question January 17, 2008, 1:04 pm SEP question May 16, 2008, 8:17 am annuities question(s) October 24, 2006, 8:33 am Another gifting question December 14, 2006, 9:14 am