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.

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Definitions:

Chromosome

A structure composed of DNA and proteins found in the nucleus of most living cells, carrying genetic information in the form of genes.

Next Generation Sequencing

A method for precisely sequencing DNA and RNA much more rapidly and cheaply than older techniques, allowing for detailed genetic analysis.

Genome Wide Association

A study approach that involves scanning complete sets of DNA, or genomes, of many people to find genetic variations associated with a particular disease or trait.

Linkage Analysis

A genetic research method that helps in locating genes associated with inherited diseases.