Retirement plan contribution limits Flashcards by Kris Queen

Q

Profit sharing

A

25% of employees salary

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

401(k)

A

Employees lesser of 100% of salary or $19,000

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

KEOGH (HR-10)

A

The lesser of $56,000 or 25% of gross income

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Payroll deduction

A

N/A

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Deferred compensation

A

N/A

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Traditional IRA

A

$6,000

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Roth IRA

A

$6,000

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

SEP

A

25% of gross salary or $56,000 whichever is less

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

403B

A

Employee’s lesser of 100% of salary or $19,000

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Coverdell education savings accounts

A

$2000 per year per child

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

529 plans

A

$15,000 per child per year

How well did you know this?

1

Not at all

2

3

4

5

Perfectly