Which of the Following Is True Regarding an SEP

question 123

Multiple Choice

Which of the following is true regarding an SEP?

• A) Cannot discriminate in favor of highly compensated employees.
• B) Deductible contributions cannot exceed the lower of 15% of the employee's compensation or $52,000.
• C) Self-employed individuals cannot create and contribute to an SEP.
• D) The plan must cover all employees who have reached the age of 18,who have worked for the employer for at least two of the preceding five years,and who received at least $550 in compensation.

---

Definitions:

Oxygen Saturation

A measure of the amount of oxygen-carrying hemoglobin in the blood relative to the amount of hemoglobin not carrying oxygen, indicative of the efficiency of oxygen delivery to tissues.

Respiratory Rate

The number of breaths a person takes per minute; it's a critical vital sign used to assess respiratory health.

Pneumonia

An infectious disease affecting one or both lungs, often caused by bacteria, viruses, or fungi, leading to the inflammation of the air sacs in the lungs which may fill with fluid or pus.

Korotkoff's Sounds

The sounds heard while using a stethoscope during the measurement of blood pressure with a sphygmomanometer, indicating the resumption of blood flow to the artery.