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 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  answer-question

Fundamentals Of Taxation 2020 Edition

ISBN: 9781260483147

13th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

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