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Author Question: Which of the following plans is available to both firms with 10 or fewer employees and self-employed ... (Read 23 times)

strangeaffliction

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Question 1

Which of the following statements with regard to SEP plans is 
not true?


◦ Self-employed individuals can contribute up to 25% of annual net income.
◦ They are also called Keogh plans.
◦ The maximum contribution in 2015 is $53,000.
◦ A SEP is a defined-contribution plan.

Question 2

Which of the following plans is available to both firms with 10 or fewer employees and self-employed individuals?


◦ SEP plan
◦ ESOP
◦ Keogh plan
◦ 403(b) plan


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Marked as best answer by strangeaffliction on Apr 14, 2019

Sassygurl126

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