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  3. Study Set
    Principles of Taxation
  4. Exam
    Exam 15: Compensation and Retirement Planning
  5. Question
    Mrs Connelly, a Self-Employed Individual, Maintains a Defined-Contribution Keogh Plan
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Mrs Connelly, a Self-Employed Individual, Maintains a Defined-Contribution Keogh Plan

Question 32

Question 32

True/False

Mrs. Connelly, a self-employed individual, maintains a defined-contribution Keogh plan. Regardless of the amount of her self-employment income, Mrs. Connelly may contribute $53,000 to the Keogh plan in 2016.

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