The Maximum Contribution That Can Be Made on Behalf of an Owner-Partner

question 68

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 $53,000
• B)The lower of 13.0435% of net-self employment income or $53,000
• C)The lower of 20% of net-self employment income or $53,000
• D)The lower of 25% of net-self employment income or $53,000

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Definitions:

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