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

question 12

True/False

If an employer's contribution to a SEP IRA is less than $50,000 in 2012 (or 25% of the employee's earned income,if less),the employee can contribute the difference.

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Definitions:

Ambi-

A prefix meaning both, indicating inclusivity or both sides, used in various scientific and medical terminologies.

Ana-

a prefix denoting upward, back, again, excessive, or apart.

Bi-

A prefix indicating two, double, or twice, used in various scientific and mathematical contexts.

Chromo-

A prefix relating to color or pigmentation, commonly used in terms related to biology and chemistry.