A Keogh Plan Is a Type of Qualified Pension for Self-Employed

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.
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A) Only statement I is correct.
B) Only statement II is correct.
C) Both statements are correct.
D) Neither statement is correct.