SIMPLE Retirement Plans Allow a Higher Level of Employer Contributions

question 44

True/False

SIMPLE retirement plans allow a higher level of employer contributions than do SEP IRAs.

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Definitions:

Income Distribution

The way in which a nation’s total GDP is spread amongst its population, affecting economic disparity and levels of poverty and wealth within society.

Demographic Variable

An individual characteristic that can be used to segment populations, such as age, gender, income, or marital status, for analysis or marketing purposes.

Unevenly Distributed

Refers to a situation where resources, values, or qualities are not spread out evenly or uniformly across a given area or among a group.

Demographics

Demographics involve statistical data relating to the population and particular groups within it, used for identifying target markets.