Which Retirement Plan Is Specifically Designed for Self-Employed Individuals and Their

question 30

Multiple Choice

Which retirement plan is specifically designed for self-employed individuals and their employees?

• A)Roth IRA
• B)traditional IRA
• C)defined-contribution plan
• D)Keogh plan
• E)defined-benefit plan

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Definitions:

Dividend Income

Earnings received from owning shares in a company, typically distributed from the company's profits.

Dividend Income

Income received by shareholders from the profits distributed by a company, usually in the form of cash payments.

Net Loss

The amount by which expenses exceed revenues.

Net Income

The amount of money remaining after all operating expenses, taxes, and dividends have been subtracted from total revenue.