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Which of the Following Statements Is (Are)true with Respect to SIMPLE

question 25

Multiple Choice

Which of the following statements is (are) true with respect to SIMPLE retirement plans?
I.Only large employers can start a SIMPLE plan,provided the employer does not maintain another qualified plan.
II.SIMPLE plans are exempt from most nondiscrimination and administrative rules that apply to qualified plans.


Definitions:

Poles

In electrical engineering, the term refers to the individual magnetic or electrical points that create fields within devices such as motors, or represent the terminals of a battery or generator.

Universal Motor

An electric motor that can operate on both AC and DC power sources, often found in portable power tools and appliances.

Neutral Plane

The point at which there is no voltage induced in the armature of a motor or generator.

Voltmeter

An instrument used for measuring the potential difference, in volts, between two points in an electric circuit.

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