Which of the following statements with respect to a qualified retirement plan is not accurate? 

a. Self-employed individuals are eligible to be members of a SEP. 

b. Contributions to SIMPLE IRAs are limited to 15 percent of the taxpayer’s net earned income or $50,000, whichever is greater. 

c. “Net earned income” includes profits from the taxpayer’s business. 

d. Taxpayers must begin receiving distributions from a qualified plan by the age of 70½. 

e. All of the above statements are accurate.