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The IRC Recognizes Highly Compensated Employees and Key Employees but Only

question 53

True/False

The IRC recognizes highly compensated employees and key employees but only highly compensated employees serve in executive leadership roles and participate in executive compensation and benefits plans.(Who Are Executives?)


Definitions:

Skepticism

The practice of questioning the validity or authenticity of certain knowledge claims without taking them at face value.

Plausibility

The quality of seeming reasonable or probable.

Fiduciary Relationship

A legal and ethical relationship of trust between two or more parties, typically involving a caretaker and a beneficiary.

Expert

Refers to someone who is both experienced and learned in a given subject matter area or professional practice field.

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