SIMPLE Retirement Plans Allow a Higher Level of Employer Contributions

question 44

True/False

SIMPLE retirement plans allow a higher level of employer contributions than do SEP IRAs.

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Definitions:

Fiber

General term for indigestible plant material, typically complex carbohydrates such as cellulose.

Beeswax

A natural wax produced by honey bees of the genus Apis, used in cosmetics, candles, and as a food additive.

Consumptive Use

Refers to the use of water in a manner that reduces the supply from the source, commonly seen in agricultural, industrial, or domestic usage where the water is not returned to its source.

Ethical Principles

Fundamental guidelines that influence decision-making processes and actions, emphasizing morality and integrity.