Contributions by a self-employed individual to a SEP plan for 2015 are limited to the lesser of a percent of net earned income or:

Question

Quizplus · Accepted Answer

For the year 2015, the contribution limit for a self-employed individual to a SEP plan is 25% of their net earned income or $53,000, whichever is less. Option D states this limit correctly. Options A, B, and C are either incorrect or outdated limits. Therefore, D is the best choice.

Contributions by a Self-Employed Individual to a SEP Plan for 2015