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 $52,000
B) The lower of 13.0435% of net-self employment income or $52,000
C) The lower of 20% of net-self employment income or $52,000
D) The lower of 25% of net-self employment income or $52,000

Question

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The Answer of 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 $52,000
B) The lower of 13.0435% of net-self employment income or $52,000
C) The lower of 20% of net-self employment income or $52,000
D) The lower of 25% of net-self employment income or $52,000

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