What percent of earned, nonsalaried income not greater than $30,000 do Keogh plans allow to be deposited in a tax-deferred account?
A) up to 15%
B) up to 20%
C) up to 25%
D) up to 30%
E) none of the above

Question

Quizplus · Accepted Answer

Keogh plans allow self-employed individuals to contribute up to 25% of their earned income to a tax-deferred account, subject to certain limits.

What Percent of Earned, Nonsalaried Income Not Greater Than $30,000