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11. Gary is a self-employed CPA whose 2018 net earnings from his trade or business (before...

11. Gary is a self-employed CPA whose 2018 net earnings from his trade or business (before the H.R. 10 plan contribution but after the deduction for one-half of self-employment taxes) is $225,000. What is the maximum contribution that Gary can make on his behalf to his H.R. 10 (Keogh) plan in 2018?

A) $18,500

B) $45,000

C) $55,000

D) $60,000

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