Which of the Following Is Not True of Retirement Plans

question 111

Multiple Choice

Which of the following is not true of retirement plans for the self-employed?

• A) A Keogh plan is usually used by high income individuals.
• B) Under a SEP, a maximum contribution of $53,000 is allowed for 2015.
• C) Self-employed individuals can choose from several plans including SEP plans and one-participant 401(k) plans.
• D) A one-participant 401(k) plan is similar to 401(k) plans for employees except that it allows larger contributions.

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Definitions:

Sexual Dysfunction

Disorders related to any phase of the sexual response cycle that prevent individuals or couples from experiencing satisfaction from sexual activity.

Defense Mechanism

Psychological strategies unconsciously used by individuals to protect themselves from anxiety or to cope with reality.

Compensation

The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required.

Tachycardia

An abnormally fast heart rate, usually over 100 beats per minute in adults, indicating potential heart or health problems.