1 In 2015, 100% of net adjusted business profits income up to the maximum of $18,000 or $24,000 if age 50 or older can be contributed in salary deferrals into an Individual 401k (2014 limits are $17,500 or $23,000 if age 50 or older). 2  Profit Sharing Contribution. In 2015,100% of W-2 earnings up to the maximum of $18,000 or $24,000 if age 50 or older can be contributed to an Individual 401k (2014 limits are $17,500 or $23,000 if age 50 or older). 2  Profit Sharing Contribution. 3  A profit sharing contribution up to 25% of W-2 earnings can be contributed into an Individual 401k.
The first step to earning a Broker license in Illinois is to complete 90 hours of Pre-License education, which includes a 75-hour Broker Pre-license Topics course and a 15-hour interactive Broker Pre-license Applied Real Estate Principles Interactive course. Home Study - most popular option for real estate education.
First, you must decide if you want to become an Illinois leasing agent, or an Illinois broker. 1  Leasing agents help people who want to rent or lease an apartment. 2  Remember that the state of Illinois is no longer issuing a salesperson license.