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

question 43

True/False

If an employer's contribution to a SEP IRA is less than $53,000 in 2016 (or 25% of the employee's earned income,if less),the employee can contribute the difference.

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Definitions:

Electronic Commerce

The act of purchasing and selling products and services, or the transfer of money and information, primarily through the internet.

Telecommunications Technologies

Tools and devices used to transmit information over distances, such as telephones, the internet, and satellite systems.

Digitized Offerings

Products or services that are converted into digital form to be accessed or purchased online.

Extranet

An extranet is a private network that allows controlled access to partners, vendors, and suppliers or an authorized set of users outside the company to access specific parts of an organization's information or operations.