Shailey owns a small business and opened a Simplified Employer Pension Individual Retirement Account. Her business profit this year was $75,000. By law, SEP-IRA contributions cannot exceed 25% of a self-employed person’s net income. How much is Shailey permitted to deposit into her SEP-IRA?

Sam is a waiter at a local restaurant where he earns wages of $5 per hour sam figures that he also eams about $3 in tips for each person he serves sam works 6 hours on a particular day. if n represents the number of people sam serves that day, which of the following functions could sam use to figure ehis total earings for the do o a. en) = 30 o b. en) = 5n+ 18