Which of the following statements is NOT correct regarding stock bonus plans? A. Stock bonus plans...
Which of the following statements is NOT correct regarding stock bonus plans?
A. Stock bonus plans are generally as cost efficient to operate as profit-sharing plans or money purchase pension plans.
B. Stock bonus plans allow for the current deductibility of non-cash contributions.
C. The required repurchase option for a stock bonus plan can create potential cash flow issues in the future.
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Which of the following statements is NOT correct regarding stock
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A. Stock bonus plans...
Which of the following statements about stock bonus plans is false? a. A CODA can be...
Which of the following statements about stock bonus plans is false? a. A CODA can be attached to a stock bonus plan. b. Participants of a stock bonus plan must have the right to demand employer securities on plan distributions. c. Stock bonus plans have a deductible contribution limit of 25 percent of compensation. d. None of the above are false. All are true.
Chapter 8 - Question 8 : Help me to explain this question. Thank you Which of...
Chapter 8 - Question 8 : Help me to explain this question. Thank you Which of the following qualified plans require mandatory funding? 1. Defined benefit pension plans. 2. 401(k) plans with an employer match organized as a profit-sharing plan. 3. Cash balance pension plans. 4. Money purchase pension plans.
Which of the following plans requires an actuary only at plan inception? a. Money Purchase Pension...
Which of the following plans requires an actuary only at plan inception? a. Money Purchase Pension Plan b. Cash Balance Plan c. Target Benefit Plan d. Traditional Defined Benefit Pension Plan
federal income tax question, retirement strategies for self-employed Question 1 of 10. Contributions to a SIMPLE...
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 contributions only. Employee elective contributions and employer nonelective or matching contributions. Employee elective contributions and employer matching contributions. Mark for follow up Question 2 of 10. Question 3 of 10 A profit-sharing plan is: A defined contribution plan where the employees split the profits A plan where the employer must make discretionary contributions each...
Which of the following statements is true? A. The key regarding qualified retirement plans is that...
Which of the following statements is true? A. The key regarding qualified retirement plans is that they provide tax deferral of investments. B. To avoid the 10% penalty, generally an employee should not withdraw retirement money BEFORE the age of 59 1/2. C. Qualified retirement plans include defined benefit plans, as well as ESOPs, IRAs, and 401K plans. D. All of the above are true statements.
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...
D Question 7 1 pts Which of the following statements is NOT correct regarding the conversion...
D Question 7 1 pts Which of the following statements is NOT correct regarding the conversion of a traditional IRA to a Roth IRA? An amount distributed from a traditional IRA can be rolled over to a Roth IRA within 60 days of the distribution An amount in a traditional IRA may be transferred to a Roth IRA maintained by the same trustee The IRA owner's modified adjusted gross income (MAGI) cannot exceed $100,000 in the year of the conversion...
Which of the following statements is NOT CORRECT? Stock repurchases can be used by a firm...
Which of the following statements is NOT CORRECT? Stock repurchases can be used by a firm as part of a plan to change its capital structure. After a 3-for-1 stock split, a company's price per share should fall, but the number of shares outstanding will rise. Investors may interpret a stock repurchase program as a signal that the firm's managers believe the stock is undervalued, or, alternatively, as a signal that the firm does not have many good investment opportunities....
Which of the following statements comparing a SIMPLE IRA with a 401(k) plan is correct? ...
Which of the following statements comparing a SIMPLE IRA with a 401(k) plan is correct? (A) The same amount of salary deferral is permitted for employees in both plans. (B) The participants are able to withdraw their money more easily from a 401(k) than from a SIMPLE IRA. (C) The employer may make matching and nonelective contributions with both plans. (D) If rank-and-file employees did not participate, a 401(k) plan would generally not work, but a SIMPLE IRA would still work.
Which of the following is/are correct regarding the net unrealized appreciation (NUA) for stock distributed from...
Which of the following is/are correct regarding the net unrealized appreciation (NUA) for stock distributed from a stock bonus plan? OC. NUA is not taxed as a long-term capital gain when the stock is ultimately sold. Both a and b. a.NUA is not taxed at the time of the lump sum distribution b. NUA is the appreciation of the stock while held in the plan.
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 contributions only. Employee elective contributions and employer nonelective or matching contributions. Employee elective contributions and employer matching contributions. Mark for follow up Question 2 of 10. Question 3 of 10 A profit-sharing plan is: A defined contribution plan where the employees split the profits A plan where the employer must make discretionary contributions each...
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...
D Question 7 1 pts Which of the following statements is NOT correct regarding the conversion of a traditional IRA to a Roth IRA? An amount distributed from a traditional IRA can be rolled over to a Roth IRA within 60 days of the distribution An amount in a traditional IRA may be transferred to a Roth IRA maintained by the same trustee The IRA owner's modified adjusted gross income (MAGI) cannot exceed $100,000 in the year of the conversion...
Which of the following is/are correct regarding the net unrealized appreciation (NUA) for stock distributed from a stock bonus plan? OC. NUA is not taxed as a long-term capital gain when the stock is ultimately sold. Both a and b. a.NUA is not taxed at the time of the lump sum distribution b. NUA is the appreciation of the stock while held in the plan.
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