Multiple Choice
Sergio is a 15% partner in the Hopkins Group and has net self-employment income of $100,000 in 2014. The maximum amount that Sergio can contribute to a Keogh money purchase plan is
A) $3,000
B) $13,045
C) $20,000
D) $25,000
E) $50,000
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q31: Pension plans are subject to excess contribution
Q47: Unmarried taxpayers who are not active participants
Q61: Lynne is a 15% partner with Webb
Q62: On March 11, 2012, Carlson Corporation granted
Q67: In 2009, Merlin received the right to
Q68: Under a Roth IRA I. Any taxpayer
Q69: Ortiz Corporation determined its AMTI to be
Q70: Contributions to a Roth IRA: I. May
Q71: On October 23, 2014, McIntyre sells 700
Q75: The employee's contribution to a nonqualified pension