Ken Is a 15% Partner in the Robinson & Sons

question 30

Multiple Choice

Ken is a 15% partner in the Robinson & Sons and has net self-employment income of $98,000, $100,000 and $102,000 in his highest three consecutive years. The maximum amount that Ken can receive under a Keogh defined benefit plan is

• A)$13,045
• B)$75,000
• C)$100,000
• D)$160,000
• E)$205,000