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In addition to elective salary reduction contributions, which of the following may be used as an alternative for making contributions into a 401(k) plan?

Bane Industries, Inc. has 1,000 employees. The average age of the workforce at Bane is 45, and 80% of the workers earn a mid-range income. Ten percent of workers are highly compensated, and 10% of workers are low-wage workers. Advantages of using a cash balance plan at Bane Industries include

What is the maximum allowable deduction an employer can take for compensation for services that are not rendered before the end of the taxable year for which the deduction is claimed?

Which of the following actions are ways a person can get a tax deduction for health care?(I)itemize deductions(II)have medical expenses that exceed the floor for medical expense deductions(III)get a dollar-for-dollar credit on Form 1040(IV)get a first-dollar 100% reimbursement on Form 1040

The employer must prepare a summary plan description to meet ERISA requirements. The employer can also use a summary plan description to

In a tax deferred annuity plan, salary reductions, but not employer contributions, are generally subject to FICA and FUTA payroll taxes.

The amount of employer-guaranteed investment earnings that is credited annually to each employee’s account is the

For a self-employed individual, “earned income” takes the place of “compensation” in applying the qualified plan rules.

A qualified long-term care insurance contract

Which of the following commuting arrangements is always tax deductible to the employee?