Sep Ira

[Unregistered]

Client s corp: 3 emplyees (includig the owner/share holder)

Wants to contribute to SEP IRA

Limit 25% of wages.

Question: Is it 25% of total w-2 wages for all employees (add three employees' w-2 wages)

or 25% of net income from S corp? (net income = 225,000)

Thanks

[veritas]

25% of wages