Which of the Following Statements Regarding Keogh Plans Is False

question 2

Multiple Choice

Which of the following statements regarding Keogh plans is false?

• A) Keogh plans provide a tax-deferred retirement savings option for self-employed individuals.
• B) Keogh plans must be administered by an independent trustee.
• C) Keogh plans can be either defined-benefit or defined-contribution plans.
• D) A self-employed person with a Keogh plan is not required to provide retirement benefits to his or her employees through the plan.

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Definitions:

Jackson-Pratt Drain

A closed suction medical device that is commonly used as a post-operative drain for collecting bodily fluids from surgical sites.

Indwelling Urinary Catheter

A tube inserted into the bladder through the urethra for the purpose of draining urine, meant for long-term use.

Postoperative Patient

An individual recovering and receiving care after undergoing a surgical procedure.

Vital Signs

Measurements of the body's most basic functions, including temperature, pulse, breathing rate, and blood pressure, used to monitor or assess health status.