A participant in a Keogh plan over the age of 50 may contribute up to what amount

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A participant in a Keogh plan over the age of 50 may contribute up to what amount in 2018?

a. $6,500.

b. $24,500.

c. The lower of $55,000 or 25% of earned income from self-employment.

d. The greater of $55,000 or 25% of earned income from self-employment.

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Related Book For answer-question

Fundamentals Of Taxation 2019

ISBN: 9781260158670

12th Edition

Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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Question Posted: Jun 03, 2019 06:05 AM

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A participant in a Keogh plan over the age of 50 may contribute up to what amount

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Fundamentals Of Taxation 2019

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