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

question 10

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 the choices are false.

---

Definitions:

Gray Market

The trade of goods through distribution channels that are legal but unintended by the original manufacturer.

In-store Shopping App

A mobile application designed to enhance the shopping experience within physical retail locations.

Dynamic Pricing

A pricing strategy where the price of a product or service is flexible, changing in response to market demand, competitor prices, or other external factors.

Economy-Class Seats

The most basic and least expensive seating category available on commercial airlines, designed for budget-conscious travelers.