Which of the following statements about SIMPLE retirement plans is true?
A) They are limited to employers with 100 or fewer eligible employees and who do not maintain another qualified plan.
B) Employees are not permitted to make SIMPLE plan contributions.
C) Employers are subject to more stringent nondiscrimination rules than those that apply to most qualified plans.
D) Employer contributions are fully taxable in the year of the contribution, but qualified distributions are received tax-free.
Answer: A
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Today, a CEO today stands to make how how many times more than there average employee's pay?
A. 24
B. 100
C. 300
D. 500
The matching rule is applied
A) because it is required by the Internal Revenue Code. B) by expensing certain items immediately and in their entirety. C) to help make the bookkeeper's job easier. D) to help produce an accurate measurement of a company's performance.
Jolene's firm markets preplanning services for a mortician. She finds that most of her target market wants to avoid discussing future funeral needs, so she must somehow first get their attention. Jolene's firm most likely uses the ________
A) production orientation B) sustainability concept C) selling orientation D) consumer orientation E) social marketing concept
The income statement is prepared from the adjusted trial balance or the income statement columns on the work sheet
Indicate whether the statement is true or false