Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following rules apply to either a sim

Which of the following rules apply to either a SIMPLE IRA or a SIMPLE 401(k)...

80.2K

Verified Solution

Question

Accounting

Which of the following rules apply to either a SIMPLE IRA or a SIMPLE 401(k) plan? (A) The employer must make either matching contributions or an annual non-elective contribution for all eligible employees, even if they deferred nothing. (B) Employers who elect to make matching contributions may reduce the elected percentage with reasonable notice to the employee-participants. (C) The plan is subject to annual testing for discrimination (D) The plan is subject to the same top-heavy rules that apply to qualified plans

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Add the rational expression by dragging the integers to their corresponding box to complete the...

Algebra
Q

The table shows the number of computers per household in the United States. Computers 0 1 2 3 4 5 Number of households (in...

Statistics
Q

Problem 1: Simulating Blackjack In this problem we will use classes and functions to simulate a...

Programming
Q

Two stones are dropped from the edge of a 60-m cliff, the second stone 2.0 s...

Physics
Q

A metal rod of resistance R is fixed along a diameter of a conducting ring...

Physics
Q

Given that g t is continuous find the value of c if g t ct...

Calculus
Q

Find the radius of convergence, R, of the series.?(-1)^x +1n+6R = 1n=11?Find the interval, I,...

Algebra
Q

The following amounts are from TJ Maxx's financial statements at the end of the current...

Accounting
Q

What is the major difference between the unadjusted trial balance and the adjusted trial balancera....

Accounting
Q

Required: Prepare a horizontal analysis. Enter the amount of increase (decrease) and the percentage change....

Accounting
Q

A manufacturer normally has a. one inventory account. b. four inventory accounts. c. three inventory...

Accounting
Q

9 The entry to eliminate the receipt of intercompany note receivable includes debit to Note...

Accounting