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federal income tax question, retirement strategies for self-employed

Question 1 of 10. Contributions to a SIMPLE IRA are limited to: Employee elective contributions only Employer nonelective con

Question 3 of 10 A profit-sharing plan is: A defined contribution plan where the employees split the profits A plan where the

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Answer 1
Employee elective contributions and employer non elective or matching contributions.
Answer 3
A defined contribution plan where the employees split the profits.
Answer 4
401(k)
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