Which of the Following Are True with Respect to a Simplified

question 11

Multiple Choice

Which of the following are true with respect to a simplified employee pension SEP plan?

• A) An SEP plan combines the simplicity of a 401k with a generous contribution limit of a formal pension plan
• B) An SEP plan allows employers to use IRAs to build tax-sheltered retirement funds for themselves and their employees at a nominal cost
• C) An SEP plan minimizes the employer's record-keeping function
• D) A and B
• E) B and C

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Definitions:

Hidden Curriculum

The implicit lessons and values taught in school that are not part of the formal curriculum, such as social norms and expectations.

Natural Scientists

Professionals who study the physical world, encompassing various disciplines such as biology, chemistry, physics, and earth sciences, to understand nature's laws and phenomena.

Social Interaction

Social interaction is the process by which individuals act and react to those around them, based on verbal communication, non-verbal gestures, and shared cultural norms.

Agents of Socialization

Agents of socialization are people or groups that influence an individual's attitude, behavior, and self-image, including family, schools, peers, and media.