What Is the Difference Between a SEP and a Keogh

question 34

Multiple Choice

What is the difference between a SEP and a Keogh retirement plan?

• A)A Keogh plan does not allow early withdrawals without a penalty
• B)Under a SEP,there is a maximum contribution of up to $42,000 allowed
• C)Under a Keogh plan,a contribution of up to 25 percent of net income is allowed
• D)A Keogh plan is always individually funded

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Definitions:

Tracheids

Long, thin cells in the xylem of vascular plants that help in the transport of water and minerals, and also provide support.

Pits

Small depressions or cavities on a surface or in a structure, often found in fruits or in the landscape.

Perforation Plates

Structures found in the water-conducting vessels of some plants, containing large pores that allow water to flow from one vessel element to another.

Sieve Plates

Specialized structures found in the phloem of plants that facilitate the flow of nutrients by containing pores through which sap can flow between cells.