Annual Contributions to a Keogh Plan Cannot Exceed the Greater

question 105

True/False

Annual contributions to a Keogh plan cannot exceed the greater of $53,000 or 100% of compensation.

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Definitions:

Pruritus

Medical term for itching, a symptom that causes a desire to scratch.

Ishihara Book

A color vision test that uses a series of plates filled with colored dots to detect red-green color deficiencies.

Jaeger Chart

A chart consisting of various sizes of print used to evaluate an individual's ability to read text at a normal reading distance.

Snellen Chart

A chart used to measure visual acuity, consisting of rows of letters that decrease in size, which an individual reads from a standard distance to determine the sharpness or clarity of their vision.