A participant in a Keogh plan over the age of 50 may contribute up to what amount
Question:
A participant in a Keogh plan over the age of 50 may contribute up to what amount in 2019?
a. $7,000.
b. $25,000.
c. The lower of $56,000 or 25% of earned income from self-employment.
d. The greater of $56,000 or 25% of earned income from self-employment.
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Related Book For
Fundamentals Of Taxation 2020 Edition
ISBN: 9781260483147
13th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler
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