Which of the following statements with regard to SEP plans is not true?
A) Self-employed individuals can contribute up to 25% of annual net income.
B) They are also called Keogh plans.
C) The maximum contribution in 2015 is $53,000.
D) A SEP is a defined-contribution plan.
Answer: B
You might also like to view...
Describe the types of information that should be included in the insurance register that is used by the auditor for auditing prepaid insurance.
What will be an ideal response?
__________occurs when new employees require higher starting pay than the historical norm, causing narrowing of the pay gap between experienced and new employees.
A. Equity theory B. Pay structure C. Delayering D. Wage compression E. Broadbanding
One way to evaluate a message effectively is to think of your writing as taking the place of ________
A) a telephone call B) your resumé C) a gift D) a personal appearance
If you receive constructive criticism on the job, you should focus on your feelings as much as possible
Indicate whether the statement is true or false