A Keogh Plan Is a Type of Qualified Pension for Self-Employed

question 6

Multiple Choice

A Keogh plan is a type of qualified pension for self-employed individuals. An individual or entity that establishes a Keogh plan can
I.Only establish a defined contribution profit sharing pension plan.
II.Have both employees and self-employed individuals as participants.
​

• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Population Means

The average value of a characteristic in a population, and a parameter that is often estimated from sample data.

ANOVA

Analysis of Variance, a statistical method used to compare means of three or more samples, testing the hypothesis that all samples are taken from populations with the same mean.

Equal Variances

A statistical assumption that the variances of the items being compared are the same across all levels or groups.

ANOVA

ANalysis Of VAriance, a statistical method used to compare the means of three or more samples to find out if at least one is significantly different from the others.