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2018Keogh/SEP/SIMPLE Worksheet Keogh, 401(K) and SEP Plan Contribution Worksheet Description Form/Schedule Unit number Self-Employed Person's Rate Worksheet 1.1. 2.2. 3.3. Self-Employed Person's Deduction Worksheet Step 1 1. Step 2 2. Step 3 3. Step 4 4. Step 5 5. Step 6 6. Step 7 7. Step 8 8. Step 9 9. smaller of step 8 or step 9 on step 20 Step 10 10. Step 11 11. Step 12 12. Step 13 13. Step 14 14. Step 15 15. Step 16 16. Step 17 17. Step 18 18. Step 19 19. Step 20 20. Form 1040 Name of person with self-employment income (as shown on Form 1040) Taxpayer Identification Number Plan contribution rate as a decimal (for example, 15% would be 0.15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Rate in line 1 plus 1 (for example, 0.15 plus 1 would be 1.15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Self-employed rate as a decimal (divide line 1 by line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter your net profit from Sch C, line 31; Sch C-EZ, line 3; Sch F, line 34; or Sch K-1, box 14, Code A* . . .* Less amount of expenses subtracted from box 14, Code A to determine the amount on line 1 or line 2 of Schedule SE Enter your deduction for self-employment tax from Schedule 1 (Form 1040), line 27 . . . . . . . . . . . . . . . . . . . . . . . . Net earnings from self-employment. Subtract step 2 from step 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter the self-employed rate shown on line 3 above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Multiply Step 3 by Step 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Multiply $275,000 by your plan contribution rate from line 1 above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter the amount contributed to the retirement plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter the smaller of step 5, step 6, or step 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Contribution dollar limit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter your allowable elective deferrals (including designated Roth contributions) made to your Subtract step 10 from step 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtract step 10 from step 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter one-half of step 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter the smallest of steps 8, 11, or 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtract step 14 from step 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter the smaller of step 10 or step 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtract step 16 from step 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter your catch-up contributions (including designated Roth contributions), if any. Don't enter more than $6,000 Enter the smaller of step 17 or step 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Add steps 14, 16, and 19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtract step 21 from step 20. This is your maximum deductible contribution If you made elective deferrals to your self-employed plan, go to step 10. Otherwise, skip steps 10 through 19 and enter the If you made catch-up contributions, go to step 17. Otherwise, skip steps 17 through 19 and go to step 20. 5.5.Enter the smaller of line 3 or line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8. 6. 8. 6. Enter the SIMPLE employer matching contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.3. SIMPLE Plan Contribution Worksheet 1.1. 2.2. 3.3. 4.4. Enter your net earnings from self-employment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter the SIMPLE plan contribution amount. Do not enter more than $12,500 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter the smaller of line 1 or line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter your catch-up contributions (if any). Do not enter more than $3,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Add lines 3, 5, 6 and 7. This is your SIMPLE plan maximum deductible contribution Enter this amount on Schedule 1 (Form 1040), line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plan Type 7.7.Enter your employer matching catch-up contributions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter this amount on Schedule 1 (Form 1040), line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Step 22 Step 21 Enter the amount of designated Roth contributions included on lines 10 and 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .21. 22. self-employed plan during 2018. Don't enter more than $18,500 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SHANON M LARIMER 302-86-8984 BUSINESS MARKETING CONSULT/BRANDING C 1 401(K) 0.2500 1.2500 0.200000 180,637 10,380 170,257 0.200000 34,051 68,750 34,000 34,000 55,000 34,000 34,000