June Tandy is covered under a SIMPLE IRA at Barker Jones Auction House where she is employed. This year, no salary deductions or employer contributions were allocated to her SIMPLE IRA. If June makes a contribution to her personal IRA this year, her deduction limit will be based on those applying to a person who is not an active participant in a qualified retirement plan.

Which of the following are advantages of cash compensation?(I)it must meet the reasonableness test for deductibility(II)it is easier to budget than non-cash benefits(III)ERISA regulations are not normally involved(IV)cash compensation paid currently is currently taxable as ordinary income

Following ERISA guidelines for qualified plan investments generally results in selecting from a rather narrow range of investment strategies.

An employee can use an employer-provided legal service plan to obtain legal advice on a divorce proceeding.

For purposes of PTE 92-6, disqualified people who could not purchase life insurance for you from a qualified plan include your sibling’s spouse.

What is the usual tax treatment of unfunded severance plan payments?

For the planning process, it is helpful to have employee census information for

What is the maximum allowable deduction an employer can take for compensation for services that are not rendered before the end of the taxable year for which the deduction is claimed?

The maximum excess allowance can be no greater than the

Which of the following terms identify a type of employer (not employee) contribution to a 401(k) plan?(I)salary reduction(II)formula matching(III)discretionary matching(IV)pure discretionary