The IRA Format of the SIMPLE Plan Allows Employees to Make

question 1

True/False

The IRA format of the SIMPLE plan allows employees to make tax-free contributions of up to $12,000.

---

Definitions:

Simple Design

The creation of a product or solution that is straightforward, easy to use, and free of unnecessary complexity.

Network Organization Design

A flexible approach to structuring an organization where coordination is achieved through informal networks and relationships rather than through a formal hierarchical structure.

Special Knowledge

Expertise or advanced understanding in a particular area or field, distinguishing an individual from the general population.

Full-Time Employees

Workers who are employed for the entirety of the standard workweek, typically fulfilling a minimum number of hours specified by their employer.