A Section 457 plan that includes limits on the amount deferred is generally referred to as an eligible Section 457 plan.

If education maintains or improves a skill required by an individual’s employer, the individual can take a tax deduction for which of the following?

A relocated employee can deduct expenses for house hunting as well as expenses for selling, buying, or leasing a residence.

Ava Evergreen owns and operates a large greenhouse and floral shop called Every Bloomin’ Thing as a sole proprietorship. Ava employs 110 full-time workers besides herself. A SIMPLE IRA plan would allow Ava to make contributions to IRAs for her employees.

A SIMPLE plan can be used by an employer that has 150 or fewer employees.

The retroactive amendment provision allows plan sponsors to amend a plan retroactively. What is the primary reason why a plan sponsor would use this provision?

If a state does not establish an exchange individuals and small employers must buy health insurance directly from insurance companies.

The owner of Pinnacle Management Services, Inc., wants to provide health benefits for the executive staff that are over and above the benefits provided for the rank-and-file employees. The best way of doing this is for Pinnacle to utililize

The owner of Sierra Sporting Goods encourages her employees to stay healthy. An employee benefit is an annual membership to the local athletic club. Every year, the store sponsors a mini-triathlon for area sports enthusiasts and awards a $100 bonus to each employee who participates and finishes the mini-triathlon and a $250 bonus to any employee who places in the top three on any race in the mini-triathlon. The health care management tool(s) that Sierra’s owner is using is (are)

Landrum Manufacturing has had several lean years. Recently, however, product demand has increased. Profits have doubled every year for the past three years, primarily due to the efforts of the owner and two key employees. The owner wants to build a case that the recent steep increases in her compensation and the compensation of her two key employees is reasonable. As her financial advisor, you tell her that her best option is to