Which of the Following Statements Regarding Self-Employed Retirement Accounts Is

question 62

Multiple Choice

Which of the following statements regarding self-employed retirement accounts is true?

• A)A self-employed taxpayer who has hired employees may not set up a SEP IRA.
• B)A self-employed taxpayer who has hired employees may set up either a SEP IRA or an individual 401(k).
• C)A self-employed taxpayer who has hired employees may not set up an individual 401(k).
• D)All of these choices are correct.

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