Zach Quit His Job to Open His Own Internet Consulting

question 139

Multiple Choice

Zach quit his job to open his own Internet consulting business. He now realizes that he no longer has the benefit of a corporate retirement system. He should consider investing in a(n) :

• A) simple 401(k) plan.
• B) simple IRA plan.
• C) automated trust account.
• D) Keogh plan.

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Definitions:

Cancún

A Mexican city on the Yucatán Peninsula bordering the Caribbean Sea, known for its beaches, resorts, and nightlife.

Paris

The capital city of France, known for its significant cultural, historical, and economic contributions to the world.

Marginal Analysis

An examination of the benefits and costs of an additional unit of consumption or production to help make economic decisions.

Doughnut

A type of fried dough confection or dessert food, commonly ring-shaped and often glazed or sugared.