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:

Racial Imbalance

A situation in which there is a disproportionate representation of racial or ethnic groups in a particular context, often highlighting issues of inequality or segregation.

Gender Imbalance

A situation where there is an unequal distribution of individuals of different genders in a particular setting or population.

Prejudice

Preconceived opinion or bias, either favorable or unfavorable, which is held without just grounds or before sufficient knowledge.

Bias

Prejudice against or partiality toward one party, for example, based on a decision maker’s personal interest in the decision.