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1 year ago

A self-employed individual makes $200,000 per year. to which type of retirement plan can the maximum contribution be made?

1 answer:

5 0

Option C. The type of retirement plan that the individual would have to make the maximum contribution is the sep ira.

<h3>What is the retirement plan?</h3>

This is the term that is sued to refer to the plan that is done in such a way that it has to help a person to take care of their post retirement. This is done through the saving of money in such a way that it would help to take care of the periods that they have become old and no longer working.

Hence the SEP IRA is also called the simplified employee pension plan. Therefore the type of retirement plan that the individual would have to make the maximum contribution is the sep ira.

Read more on retirement plan here: brainly.com/question/3090325

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See the explanation below.

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