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Interest on a car loan is deductible unless the owner is self-employed.

I. M. Best, owner of Best Corporation, wants his senior vice president, I. B. Better, to move from Milwaukee, Wisconsin, to Smyrna, Georgia, to open a branch office. Housing prices in Milwaukee are in a slump. Better’s house has been on the market for six months and has gotten only one offer that’s about $10,000 below market. Best wants to prevent Better from getting an inadequate price on his home due to a forced sale using the method that generates the greatest tax advantage for Best and Better. What should Best do?

A Keogh plan is most commonly designed as a(n)

Interest on a car loan is deductible unless the owner is self-employed.

A cross-tested plan uses a fixed age-weighted formula. The plan is designed to maximize benefits for a firm’s highly compensated employees while providing whatever is necessary for remaining employees to satisfy nondiscrimination regulations.

A cash balance plan establishes a separate fund for each plan participant.

I. M. Best, owner of Best Corporation, wants his senior vice president, I. B. Better, to move from Milwaukee, Wisconsin, to Smyrna, Georgia, to open a branch office. Housing prices in Milwaukee are in a slump. Better’s house has been on the market for six months and has gotten only one offer that’s about $10,000 below market. Best wants to prevent Better from getting an inadequate price on his home due to a forced sale using the method that generates the greatest tax advantage for Best and Better. What should Best do?

Deductible moving expenses include reasonable costs for all of the following, except

ERISA requires report and disclosure of benefits to plan participants under the

Money purchase plans traditionally provide that the participant’s account balance is converted to an equivalent annuity at retirement, based on annuity rates provided in the plan.