To determine the eligibility of a business partner for a Keogh plan, one must adhere to specific criteria. The primary conditions are that the partner must work full-time and own a certain percentage of the business.
Let's take a closer look at the ownership percentage required for eligibility:
- 33% (Option A): This percentage is more than the required ownership for a business partner to qualify for a Keogh plan.
- 50% (Option B): This percentage is also higher than the necessary ownership for eligibility purposes. It is not required for the partner to own half of the business.
- 10% (Option C): This percentage is the correct threshold for a partner's ownership to qualify for a Keogh plan.
- 25% (Option D): This percentage, like the others above 10%, is higher than what is required.
Thus, based on the criteria we have analyzed, a business partner must work full-time and own at least 10% of the business to be eligible for a Keogh plan.
Therefore, the correct answer is:
C. 10%
