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

question 92

True/False

If an employer's contribution to a SEP IRA is less than $54,000 in 2017 (or 25% of the employee's earned income, if less), the employee can contribute the difference.

---

Definitions:

Gift Card

A prepaid stored-value money card, typically issued by a retailer or bank, used as an alternative to cash for purchases within a particular store or related businesses.

Carbohydrate Counting

A dietary method that involves tracking the number of carbohydrates consumed in order to manage blood sugar levels, often used in diabetes management.

Ethical Decisions

Choices made based on moral principles and values, aimed at doing the right thing in a given situation.

Code of Ethics

A set of principles and guidelines designed to help professionals conduct their business with integrity and honesty.