In General, Which of the Following Statements Regarding Self-Employed Retirement

question 71

Multiple Choice

In general, which of the following statements regarding self-employed retirement accounts is true?

• A) In general, SEP IRAs have higher contribution limits than individual 401(k)s if the contributing taxpayer is at least 50 years of age at year end.
• B) In general, Individual 401(k)s have higher contribution limits than SEP IRAs.
• C) In general, SEP IRAs have higher contribution limits than individual 401(k)s no matter the age of the contributing taxpayer.
• D) None of the choices are true. In general, both SEP IRAs and individual 401(k)s have exactly the same annual contribution limits.

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Definitions:

Homosexuals

People who seek emotional-sexual relationships with members of the same gender.

Physical Attractiveness

The degree to which a person’s physical traits are considered aesthetically pleasing or beautiful.

Plays A Major

Holds significant importance or role in the context it applies to, contributing crucially to an outcome or situation.

Physical Attractiveness

The degree to which a person's physical features are considered aesthetically pleasing or beautiful by others.