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.

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Definitions:

Sample Means

The arithmetic average of a set of values or observations, calculated as the total sum divided by the number of observations in the sample.

Sample Size

The number of observations or units selected from a population for the purpose of statistical analysis.

Population Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of values in a population.

Standard Error

The standard deviation of the sampling distribution of a statistic, most commonly of the mean, used to estimate the accuracy of sample mean as an approximation of the population mean.