In a SEP (Simplified Employee Pension)plan

question 73

Multiple Choice

In a SEP (Simplified Employee Pension) plan

• A)contributions can be made after the plan year and up to the tax filing date.
• B)contributions are not deductible to the employer.
• C)contributions cannot exceed the lesser of 40,000 or 25% in 2005.
• D)only the employer can open up the plan.

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Definitions:

Motivational Impulses

Innate or learned tendencies to act in a way that satisfies certain needs or achieves particular goals.

Affective Impulses

Emotions or feelings that impulsively drive behavior.

Smaller Rewards

Incentives of lower value that are offered or given as a means to motivate behavior or participation.

Hull's Concept

The theoretical framework established by Clark L. Hull, proposing that human behavior is a result of internal biological drives that are learned and influenced by the environment.