For 2018, the maximum annual contribution to a Simplified Employee Pension (SEP) plan for an employee under the age of 50 is:

A. $5,500
B. $55,000
C. $12,500
D. $18,500


Answer: B

Business

You might also like to view...

A gain is recognized on the disposal of plant assets when:

a. The sales price is greater than the book value and less than the residual value. b. The sales price is greater than the book value and greater than the residual value. c. The sales price is less than both the book value and the residual value. d. The sales price is greater than the residual value but less than the book value.

Business

One of the risks of software licensing is the _____.

A. increased duration for system availability and implementaion B. low quality of software C. difficulty in modifications to meet specifc needs D. lack of after-sales support

Business

According to the social facilitation effect, a person will run ____ when ______.

a. Faster; other people are around b. Faster; by him/herself c. Slower; other people are around d. Faster; s/he will receive a reward

Business

An email signature line should include all of the following except

A) your title. B) information about how you can be reached. C) your company. D) your name. E) your favorite sports team.

Business