If an Employer's Contribution to a SEP IRA Is Less

question 47

True/False

If an employer's contribution to a SEP IRA is less than $53,000 in 2015 (or 25% of the employee's earned income,if less),the employee can contribute the difference.

---

Definitions:

Cultural Differences

Variations in the practices, traditions, values, and beliefs among different cultures.

Negative Behavioral Consequences

Undesirable outcomes that result from certain actions or behaviors.

Extinction

A strategy to weaken a behavior by attaching no consequences to it.

Punishment

A strategy to discourage undesirable behavior by either bestowing negative consequences or withholding positive consequences.