Series 7 - General Securities Representative Exam
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A self employed person earned $104,000 from freelancing in a year. He has a self employed defined contribution plan. What is the maximum that he can contribute to it in a year?
$104,000
A
$51,000
B
$52,000
C
$6,000
D
Explanations
The maximum contribution in a self employed defined contribution plan is $51,000 or 100% of the income for the year; whichever is lower
Pricing
Basic
Part of the questions for each course
-
- Course
- Questions
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- SIE
- 20 of 150
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- Series 6
- 30 of 500
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- Series 7
- 50 of 625