Which of the Following Statements Regarding Self-Employed Retirement Accounts Is

question 62

Multiple Choice

Which of the following statements regarding self-employed retirement accounts is true?

• A)A self-employed taxpayer who has hired employees may not set up a SEP IRA.
• B)A self-employed taxpayer who has hired employees may set up either a SEP IRA or an individual 401(k) .
• C)A self-employed taxpayer who has hired employees may not set up an individual 401(k) .
• D)All of these statements are false.See discussion of nontax factors of self-employed retirement accounts in text.

---

Definitions:

Segmentation

The process of dividing a market into distinct groups of buyers with different needs, characteristics, or behaviors, which might require separate products or marketing strategies.

Targeting

The process used by businesses to focus their marketing efforts on a specific audience or market segment.

Positioning

A marketing strategy that aims to establish a brand or product in the mind of consumers, distinguishing it from competitors.

Target Market

A specific group of consumers at which a company aims its products and services.