A Keogh retirement plan would be used by a(n)
A) self-employed engineering consultant.
B) employee at a small manufacturing firm.
C) CEO of a major corporation.
D) librarian at a city library.

Question

Quizplus · Accepted Answer

A Keogh plan is like an IRA for people who are self-employed, but it permits much larger contributions (currently up to $54,000 per year). It is intended to encourage self-employed people to accumulate retirement funds. The only self-employed individual listed in the answers is the engineering consultant.

A Keogh Retirement Plan Would Be Used by A(n)