Author: Anonymous

Moribund Industries, Inc., is a five-year-old company with 25 employees between 18 and 24 years of age. As a financial advisor to the company owner, which of the following approaches to health care coverage for employees would you not recommend?

The owner of Hearth Home Bakery wants to install a health plan that will place greater responsibility for maintaining low health care costs directly on employees. The best way of doing this is for Hearth Home to offer employees

Traditional 401(k) plans can be funded entirely through salary reductions by employees, enabling employers to bear no additional cost for employee compensation.

A Section 457 plan that includes limits on the amount deferred is generally referred to as an eligible Section 457 plan.

If education maintains or improves a skill required by an individual’s employer, the individual can take a tax deduction for which of the following?

If an employer purchases a relocated employee’s old home to prevent the employee from getting below market price due to a forced sale, the amount above fair market value that the employee receives can be deemed additional compensation.

Ava Evergreen owns and operates a large greenhouse and floral shop called Every Bloomin’ Thing as a sole proprietorship. Ava employs 110 full-time workers besides herself. A SIMPLE IRA plan would allow Ava to make contributions to IRAs for her employees.

If a state does not establish an exchange individuals and small employers must buy health insurance directly from insurance companies.

The owner of Pinnacle Management Services, Inc., wants to provide health benefits for the executive staff that are over and above the benefits provided for the rank-and-file employees. The best way of doing this is for Pinnacle to utililize

Which of the following defined benefit plan distribution options is usually the automatic form of benefit for an unmarried plan participant?