Lynne Is a 15% Partner with Webb Brothers and Has

question 47

Multiple Choice

Lynne is a 15% partner with Webb Brothers and has net self-employment income of $100,000 in 2013.The maximum amount that Lynne can contribute to a Keogh profit sharing plan is

• A)$ 5,000
• B)$13,045
• C)$15,000
• D)$20,000
• E)$25,000

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Definitions:

Tabular List

A method of organizing data in rows and columns to facilitate easy understanding and analysis.

Index

A list or directory used to simplify the search for specific information, often found at the end of books or in databases.

Main Term

The primary or central word used in medical coding to identify a diagnosis, condition, procedure, or other concept.

CPT

Current Procedural Terminology, a set of codes used by medical professionals to standardize billing for procedures and services.