Which of the Following Statements Is Correct Regarding Limitations on Employer's

question 18

Multiple Choice

Which of the following statements is correct regarding limitations on employer's contributions to qualified retirement plans in 2017?

• A)Defined benefit plans are limited to an annual benefit to an employee of the lesser of $54,000 or 100% of the employee's average compensation for the highest three years.
• B)Defined contribution plan contributions are limited to the lesser of $215,000 or 25% of an employee's compensation.
• C)Defined contribution plan contributions are limited to the lesser of $54,000 or 100% of an employee's compensation.
• D)If an employer has more than one type of qualified plan,a maximum deduction of 100% of compensation is allowed.

---

Definitions:

Racial Discrimination

Differential treatment of individuals on the basis of their race, which can affect employment, housing, access to education, and treatment by law enforcement.

American Military History

The chronological record of significant events and developments in the military affairs of the United States from the colonial period to the present.

Largest Surrender

This term could refer to various historical events depending on context, but it does not specify one definitive incident. NO.

Normandy

A region in the northwest of France known for its significant historical events, including the D-Day landings of World War II.