The Maximum Contribution That Can Be Made on Behalf of an Owner-Partner

Multiple Choice

The maximum contribution that can be made on behalf of an owner-partner in a Keogh defined contribution money purchase plan is:

A) The lower of 15% of net-self employment income or $53,000
B) The lower of 13.0435% of net-self employment income or $53,000
C) The lower of 20% of net-self employment income or $53,000
D) The lower of 25% of net-self employment income or $53,000