ZuoTi.Pro
Question

Question 9 1 pts The qualified joint and survivor annuity (JSA) form of payment is a requirement for a vested participant in
business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Qualified joint and survivor annuity form of payment is a requirement for vested participant in

(D) A traditional defined benefit pension plan.

IRA and ESOP doesn't require QJSP.

0 0
Add a comment
Know the answer?
Add Answer to:
Question 9 1 pts The qualified joint and survivor annuity (JSA) form of payment is a...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Juwan and Timi Clarke are planning for retirement. Juwan has a number of retirement related questions...

    Juwan and Timi Clarke are planning for retirement. Juwan has a number of retirement related questions he needs help answering. Use your retirement planning knowledge to address the following questions. a.Juwan would like to withdraw $365,000 from retirement savings when he retires. Assuming he can earn a 6.0 percent annualized rate of return on retirement assets, and that inflation will average 2.0 percent during retirement, how much will he need on his first day of retirement to fund twenty-four yearly...

  • 1) jack has worked for the same corporation for 20 years. when he retired, he will...

    1) jack has worked for the same corporation for 20 years. when he retired, he will receive an annual pension. the amount of his benefit will be based on the number of years he worked for the company, his age, and the history of his earnings with the company. jack participates in which of the following types of employer-sponsored retirement plans? A) defined benefit plan B)defined contribution plan C)4012(k) plan D)403(b) plan 2) Melody is single with a modified adjusted...

  • Distributions from a qualified pension plan may be fully taxable, nontaxable, or a combination of...

    Distributions from a qualified pension plan may be fully taxable, nontaxable, or a combination of both. True or False If a taxpayer funded some contributions to a qualified pension plan with previously-taxed dollars, then some of the distributions from that plan during retirement will be nontaxable. True or False Roth IRA withdrawals are deemed to first come from contributions followed by earnings. True or False Distributions from a Coverdell Education Savings Account are tax-free to the beneficiary if they are...

  • 1)Which of the following is an important difference between qualified and nonqualified retirement plans?              a.          Qualified...

    1)Which of the following is an important difference between qualified and nonqualified retirement plans?              a.          Qualified plans provide benefits for retirees who were high-performing employees, while nonqualified plans provide benefits for retirees whose performance did not meet minimum job expectations. b.         Employer contributions are deductible when paid to a qualified plan, but deductible when paid to the employee under a nonqualified plan. c.          Employer contributions to nonqualified plans are subject to dollar limits, but contributions to qualified plans are unlimited. d.         Earnings of...

  • Question 5 (1 point) Jack, age 51, is the owner of an architectural firm with 23...

    Question 5 (1 point) Jack, age 51, is the owner of an architectural firm with 23 employees, most of whom are younger than 40. The company's cash flow varies from year to year, depending on their contracts. Jack wants to implement a qualified plan that is easy for employees to understand and that is administratively cost-effective. He also wants a plan with an incentive feature by which an employee's account balance increases with company profits. Which of the following plans...

  • Question 4 (1 point) Which of the following plans may be eligible for a 10-year forward...

    Question 4 (1 point) Which of the following plans may be eligible for a 10-year forward averaging for tax purposes if a qualifying lump-sum distribution is made? 1. Traditional profit-sharing plan 11. Simplified employee pension (SEP) plan III. Individual retirement account (IRA) IV. Section 403(b) tax-deferred annuity 0 1 only 11 and land IV 1111 and TV

  • peter molloy is considering making a contribution to an IRA, but his employer has a profit-sharing...

    peter molloy is considering making a contribution to an IRA, but his employer has a profit-sharing plan. Plan benefits vest over 6 years, and peter is 60% vested. The employer made no contribution to the plan for the year. No employees have terminated during the year. Which of the following statements concerning Peter’s contribution to an IRA is correct? peters contribution will not be deductible because contributions are not required every year to profit-sharing plan. Peters contribution will be deductible...

  • Hi, Please help me to solve these questions with detail explanation . Thanks Question 4 Dustin,...

    Hi, Please help me to solve these questions with detail explanation . Thanks Question 4 Dustin, who is 48 years old, works for Pinnacle Inc., with a salary of $300,000, a car allowance, and a very nice expense account. Pinnacle is a Fortune 1,000 company that sponsors a defined benefit plan that pays 2 percent times years of participation times the average of the three final years of compensation. In addition, Pinnacle sponsors a 401(k) / profit sharing plan and...

  • Term Answer Description ERISA A. This pension plan meets specified criteria established by the Internal Revenue Code. V...

    Term Answer Description ERISA A. This pension plan meets specified criteria established by the Internal Revenue Code. Vested rights B. The employee bears part of the contribution cost in this pension plan. c. Noncontributory pension plan Based on a formula, it computes the benefits, not contributions, to be paid out. Contributory pension plan D. Under this plan, the employer not only makes the contributions (based on a percentage of an employee's salary), controls the investment, and guarantees a given payout...

  • Question 10 1 pts Normally, a qualified plan must prohibit the assignment or alienation of benefits...

    Question 10 1 pts Normally, a qualified plan must prohibit the assignment or alienation of benefits to anyone other than the plan participant. What is one notable exception to this prohibition? O A de minimis assignment of up to 20% of any benefit payment due to the participant O A distribution from the plan used for payment to the participant's creditors A qualified domestic relations order (QDRO) in the event of a participant's legal separation An agreement with the plan...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT