Which of the following statements is correct regarding limitations on employer's contributions to qualified retirement plans in 2018?
A. Defined contribution plan contributions are limited to the lesser of $220,000 or 25% of an employee's compensation.
B. Defined benefit plans are limited to an annual benefit to an employee of the lesser of $55,000 or 100% of the employee's average compensation for the highest three years.
C. If an employer has more than one type of qualified plan, a maximum deduction of 100% of compensation is allowed.
D. Defined contribution plan contributions are limited to the lesser of $55,000 or 100% of an employee's compensation.
Answer: D
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A company's unearned rental revenue account increases from the beginning to the end of the year. In the statement of cash flows using the direct method, the cash collected from tenants would be
A) rent revenue plus unearned rent revenue at the beginning of the year. B) rent revenue plus the increase in unearned rent revenue during the year. C) rent revenue minus the increase in unearned rent revenue during the year. D) equal to rental revenue on the income statement.
Retailer ownership of retail facilities is least common in what location type?
a. secondary business district b. isolated store c. neighborhood business district d. regional shopping center
In the context of statement of cash flows, cash flows from operating activities show the amount of cash that flowed into the company from:
A. dividends. B. public grants. C. executive compensations. D. taxes on capital gains.
Approximate the percentage of these Internet users who are married with formal education beyond high school