Tony Johnson, an over-the-road trucker, had several out-of-town trips early in the year, so he got an extension for filing his income tax return. Tony can make the maximum IRA contribution this year. He has until the last date of his income tax filing extension to make a tax-deductible contribution to his IRA.

The owner of Windom Enterprises has asked you to identify a tax-free compensation option that could be used to avoid the “reasonableness of compensation” issue for their executives and upper-level managers. As the owner’s financial advisor, you suggest

Which of the following is (are) true regarding timing of corporate deduction for compensation payments?

Conservative Corp. wants to provide employees with low cost long-term disability coverage. As the company’s financial advisor, you explain that integrating long-term disability coverage with ________ will accomplish that goal.

The plan is required to provide immediate vesting of benefits.

Cathy Atwater is 60, 5 years away from retirement. The most accurate method for her to use in calculating her income needs during retirement is the

Employees can elect a salary reduction to fund their 401(k) plan either before or within a month after compensation is earned.

Employers match employee contributions to 401(k) plans to increase participation and help the plan meet nondiscrimination requirements.

All of the following are components of designing and maintaining a health benefit plan, except

Moribund Industries, Inc., is a five-year-old company with 25 employees between 18 and 24 years of age. As a financial advisor to the company owner, which of the following approaches to health care coverage for employees would you not recommend?