Fidelity Retirement Plan (Keogh) Worksheet A: Results

Keogh Calculator Results

Your Contribution Amount is:

Worksheet A: Results

Step 1. Tax Year

Step 2. Net Business Profits
(From Schedule C, C-EZ, or K-1)

Step 3. Deduction for Self-Employment Tax

Step 4. Adjusted Net Business Profits
(Subtract Step 3 from Step 2)

Step 5. Actual Contribution Percentage
(Desired contribution percentage of earned income--for Money Purchase Plan, -%; for Profit Sharing Plan, -%)

Step 6. Contribution Factor
(Add 1.00 to Step 5)

Step 7. Adjusted Earned Income
(Divide Step 4 by Step 6)

Step 8. Maximum Earned Income Allowed

Step 9. Final Earned Income
(The lesser of Step 7 and Step 8)

Step 10. Preliminary Contribution Amount
(Multiply Step 5 by Step 9, round down to the closest dollar)

Step 11. Maximum Dollar Contribution Amount Allowed

Step 12. Contribution Amount
(The lesser of Step 10 and Step 11)

If you have any questions, call a Fidelity Retirement Specialist toll-free at 800-544-5373 from 8 a.m. to 8 p.m. ET, seven days a week.