Best Fit Club,a Chain of Gyms and Spas,requires Its Customers

question 21

Multiple Choice

Best Fit Club,a chain of gyms and spas,requires its customers to pay a quarterly or an annual fee to use its services.Irrespective of whether they frequently use the services during the payment period or not,members have to pay in advance.Which of the following business models does this best illustrate?

• A) razor-razor-blade
• B) pay-as-you-go
• C) subscription-based
• D) freemium

Grasp the rules and limits regarding contributions to and deductions for Keogh plans and SEP plans.

Recognize the nondiscriminatory requirements for qualified pension plans.

Understand the tax implications of distributions from retirement plans and other tax-deferred planning instruments.

Identify the maximum contribution limits for 401(k) plans and the conditions under which contributions are made.

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Definitions:

Humanistic Therapy

Type of therapy in which the goal is to help the client discover his or her place in the world and to accomplish self-actualization through self-exploration; based on the assumption that the natural tendency for humans is toward growth (also called person-centered therapy).

Self-Exploration

The process of examining one's own thoughts, feelings, and behaviors in order to gain insight.

Collective Unconscious

A theory proposing that societies share a set of memories and ideas inherited from their ancestors, independent of personal experience.

Carl Jung

A Swiss psychiatrist and psychoanalyst who founded analytical psychology, known for his theories of the collective unconscious and archetypes.