A self-employed person can use a money purchase plan to fund his or her own retirement.
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A children’s daycare center must be located at the employer’…
A children’s daycare center must be located at the employer’s place of business to be tax-deductible to the employer.
The amount of death benefit provided for an employee in a co…
The amount of death benefit provided for an employee in a combination plan is determined by using the
All of the following statutory provisions would allow deferr…
All of the following statutory provisions would allow deferred compensation beyond the annual dollar limit, except
Advantages of using life insurance in a qualified plan inclu…
Advantages of using life insurance in a qualified plan include all of the following except
When a key employee dies, key employee life insurance provid…
When a key employee dies, key employee life insurance provides the employer with liquid assets to facilitate control of corporate operations.
Group-term life insurance must cover all employees.
Group-term life insurance must cover all employees.
Split dollar life insurance plans must generally be terminat…
Split dollar life insurance plans must generally be terminated at approximately age 65 because the employee’s tax cost for the pan rises sharply at later ages.
A tax deferred annuity plan can invest in all of the followi…
A tax deferred annuity plan can invest in all of the following, except
Which of the following is not true about a SIMPLE IRA?
Which of the following is not true about a SIMPLE IRA?