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

question 56

True/False

If an employer's contribution to a SEP IRA is less than $52,000 in 2014 (or 25% of the employee's earned income,if less),the employee can contribute the difference.

---

Definitions:

Greens Fees

The charges imposed by a golf course for the right to play on the course.

Quantity Effect

The change in the quantity of a product demanded or supplied in response to a change in price.

Total Revenue

The total income a firm receives from selling its goods or services, calculated by multiplying the price per unit by the number of units sold.

Price Elasticity

A metric that assesses the extent to which the amount of a product demanded changes with a price change.