Ken is single and earns a salary of $60,000 per year He also receives $4,000 a year in taxable interest and dividend income Ken would like to contribute the maximum allowable to his company 's qualified pension plan ...

Will Kens interest and dividend income be considered alo ...

Ken is single and earns a salary of $60,000 per year. He also receives $4,000 a year

Question:

Ken is single and earns a salary of $60,000 per year. He also receives $4,000 a year in taxable interest and income. Ken would like to contribute the maximum allowable to his company's qualified pension plan.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...