qualified plans
under the 4011k bonus or thrift plan an employeer will contribute
an undertermined perventage for each dollar the employee contributes
401k
any employeer can offer, employeer can match or match what employee puts in
employer contributions made to qualified plans
are subject to vesting requirements
all of the following are true of the federal tac advanatge of a qualififed plan except
at distribution all amounts received by the employee are tax free
all of the following are true of the federal tax advanatge qualified plan except
at distribution all amounts received by the employee are tax free
all of the following are true of the federal tax advantage pof a qualified plan except
at distribution all amounts recieved by the amployee are tax free
simple plans require all of the following except
at leats 1000 employees
a tax shewlter annuity is a special tax retirement plan available to
certain age groups of employees only
a tax shelter annuity is a special tax favored retirement plan available to
certain groups of employees only
for a retirement plan to be qualififed it must ne designed for the benefit of
employees
all of the following statements are true regarding tax qualified annuities except
employer contributions are not tax deductible
all of the following statements regarding tax qualified annuitites excdept
employer contributions are not tax deductible
simple
is its 100 or fewer employee,
which of the following is true of a qualified plam
it has tax benefit for both employeer and employee
a 35 year old spouse of the insured collects early distributions from her husbands retirement plan as a result of a divorce settlement
no penalties
all of the following types of distributions are coinsiderted exceptions to the earky distribution rule and therfore are not subkect to the penalty tax except
participants debt
under simple plans
participating ewmployers may defer up to a specified amount each year, an employer can the ncontribute up to an equal amount to 3% of the employees annual compensation
an employer has sponsord a qualified retirement plan for its employee where the amloyer will contribute money whenever a profit is realized
profit sharing
tax advantage
refers to economic bonus which applies to certain accounts or investments that are by statue tax reduced tax deferred or tax free
keohg plans are for
self employeed individuals and their employees
hr 10 keogh
self enployed
which of the following statements concerning a simplified employee pensions plan is incorrect
seps are suitable for large companies
an IRA PURCHASED BY A SMALL EMPLOYER TO COVER EMPLOYEES IS KNOWN AS
simplefied employee pension plan
an ira apurchased by a small employer to cover employe is kniown as
simplified employee pension pla
self employeed pensions plan
small employer
which of the following applicants would not qualify for a keohg plan
someone who worls 400 hours per year
the advantage of qualified plans to employer
tax deductible contributions
all of the following would be different between qualified and non qyalified retirement besides
taxation on accumulation
all of the following would be different betwen qualified and nonqualified retirement plans excepot
taxation on accumulation
which of the following describes the tax advantage of qualified retirement plan
the earnings in the plan accumulated atax defrred
which of the following decsribes athe tax advantage of a qualified retirement plan
the earnings in the plan accumulated tax deferred
which of the following describes the tax advatange of a qualified retirement plan
the earnings in the plan accumulated tax deferred
all of the following are general requirements of a qualified plan except
the plan must have an offset for social security benefits
how are contributions to a tax shelter annuity treated with regards to taxation
they are not included as income for the employee but are taxable upon distribution
how are contributions to a tax shelterted annuity treated with regards to taxation
they are not included as income for the employee but are taxable upon distribution
under simple pan which of the followiong is true regarding taxation on both contributions and earnings
they are tax deferred until withdrawn