Which of the Followings Is Not a Characteristic of a Keogh

question 85

Multiple Choice

Which of the followings is not a characteristic of a Keogh plan?

• A)A trust is established.
• B)Considered to be a qualified plan.
• C)Contribution to plan by extension due date.
• D)Favorable 10-year forward averaging is not available.
• E)All of these are characteristics.

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Definitions:

Secretary of State

A senior official in the state government responsible for managing governmental operations, often including the overseeing of elections and maintaining public records.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.

Merchant

A person or company engaged in the selling of goods, services, or commodities for profit.

Movable Thing

An item of personal property that can be physically relocated from one place to another, as opposed to immovable or real property.