Ken is a 15% partner in the Robinson & Sons and has net self-employment income of $98,000, $100,000 and $102,000 in his highest three consecutive years. The maximum amount that Ken can receive under a Keogh defined benefit plan is
A)$13,045
B)$75,000
C)$100,000
D)$160,000
E)$205,000

Question

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The Answer of Ken is a 15% partner in the Robinson & Sons and has net self-employment income of $98,000, $100,000 and $102,000 in his highest three consecutive years. The maximum amount that Ken can receive under a Keogh defined benefit plan is
A)$13,045
B)$75,000
C)$100,000
D)$160,000
E)$205,000

Ken Is a 15% Partner in the Robinson & Sons