QuestionJuly 19, 2025

All of the following would be eligible to establish a Keogh retirement plan EXCEPT A. A sole proprietor of film development store with no employees. B. A hair dresser who operates her business at her house. C. A sole proprietor of a service station who employs four employees. D. The president and employee of a family corporation.

All of the following would be eligible to establish a Keogh retirement plan EXCEPT A. A sole proprietor of film development store with no employees. B. A hair dresser who operates her business at her house. C. A sole proprietor of a service station who employs four employees. D. The president and employee of a family corporation.
All of the following would be eligible to establish a Keogh retirement plan EXCEPT
A. A sole proprietor of film development store with no employees.
B. A hair dresser who operates her business at her house.
C. A sole proprietor of a service station who employs four employees.
D. The president and employee of a family corporation.

Solution
4.3(315 votes)

Answer

D. The president and employee of a family corporation. Explanation 1. Identify Keogh Plan Eligibility Keogh plans are designed for self-employed individuals or unincorporated businesses. They are not available to corporations. 2. Analyze Each Option A, B, and C involve sole proprietors or self-employed individuals, making them eligible. D involves a corporation, which is ineligible.

Explanation

1. Identify Keogh Plan Eligibility<br /> Keogh plans are designed for self-employed individuals or unincorporated businesses. They are not available to corporations.<br /><br />2. Analyze Each Option<br /> A, B, and C involve sole proprietors or self-employed individuals, making them eligible. D involves a corporation, which is ineligible.
Click to rate:

Similar Questions