Amounts Contributed by Employees to a SIMPLE Are Not Subject

question 19

True/False

Amounts contributed by employees to a SIMPLE are not subject to employment tax.

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Definitions:

Financial Planning

The process of creating strategies for managing finances to achieve personal economic satisfaction.

Vigilant

Being vigilant means being alert and watchful, especially to avoid danger or recognize opportunities.

Day To Day

Refers to routine, daily operations or activities in a business or personal context.

Pro Forma

Financial statements or projections prepared in advance to forecast or plan for future financial scenarios or business operations.