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:

Combination Résumé

Format that includes the best features of the chronological and functional approaches.

Skills And Accomplishments

The abilities and achievements that an individual has acquired, often highlighted in resumes or job applications.

Job History

A detailed list of previous employment positions, including roles, responsibilities, and durations, typically presented on a resume.

Functional Résumé

A type of résumé format that emphasizes an individual's skills and abilities rather than their chronological work history.