Which of the Following Statements Is (Are)true with Respect to SIMPLE

question 25

Multiple Choice

Which of the following statements is (are) true with respect to SIMPLE retirement plans?
I.Only large employers can start a SIMPLE plan,provided the employer does not maintain another qualified plan.
II.SIMPLE plans are exempt from most nondiscrimination and administrative rules that apply to qualified plans.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Status Variables

Characteristics or attributes that determine an individual's or group's social or professional standing.

Consensus Factors

Involve elements or variables that are generally agreed upon within a group or society.

Linguistic Relativity

View that language determines thought and therefore people who speak different languages see the world in very different ways.

Innate Grammatical Rules

The concept in linguistics suggesting that the ability to understand and form grammatical sentences is hardwired into the human brain.