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Defined benefit plans provide more benefit security than do age-weighted or cross-tested plans.

The cost of the first $50,000 of group-term insurance provided for each employee is tax-free to the employee.

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

For purposes of required minimum distributions from an IRA or qualified plan, which of the following cannot be a designated beneficiary?

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.