Amanda Is an Employee of the Kiwi Corporation with a Yearly

question 27

Multiple Choice

Amanda is an employee of the Kiwi Corporation with a yearly salary of $80,000. The company maintains a noncontributory profit-sharing plan. During the year the company contributes $24,000 to the plan on her behalf in recognition of her outstanding work. The Kiwi Corporation is subject to an excess contribution penalty of

• A)$-0-
• B)$400
• C)$1,000
• D)$2,000
• E)$3,750

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A statistical measure representing the intelligence level of an individual, with an average score set at approximately 100.