The Maximum Contribution That Can Be Made on Behalf of an Owner-Partner

question 45

Multiple Choice

The maximum contribution that can be made on behalf of an owner-partner in a Keogh defined contribution money purchase plan is:

• A) The lower of 15% of net-self employment income or $52,000
• B) The lower of 13.0435% of net-self employment income or $52,000
• C) The lower of 20% of net-self employment income or $52,000
• D) The lower of 25% of net-self employment income or $52,000

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Definitions:

Electronic Signature

A digital form of a signature that legally binds an individual to an electronic document, as recognized by law.

UETA

The Uniform Electronic Transactions Act, which establishes the legal validity of electronic signatures and records.

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty providing a uniform set of rules for the international sale of goods.

Sales Contract

A legal agreement between a buyer and a seller detailing the terms and conditions of a sale of goods or services.