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:

Pavlov

A Russian physiologist known for his work in classical conditioning, famously demonstrated through experiments with dogs salivating at the sound of a bell.

US

Abbreviation for the United States, a country in North America.

UR

An unconditioned response, which is an automatic reaction to a stimulus not learned through previous exposure.

CR

A shared abbreviation that could stand for "Classical Conditioning" in psychology, involving learning through association, if no specific context is given.