A deferred annuity is typically used to provide what?

a$.$ income beginning more than a year after purchase of the annuity

b$.$ immediate income

c$.$ an investment to meet short$-$term objectives

d$.$ money to pay estate taxes

To be eligible to establish a SIMPLE plan, which of the following requirements must an

employer meet?

a$.$ employ no more than $25$ employees

b$.$ have earnings of less than $$5$ million each year for the past two years

c$.$ employ no more than $100$ employees earning at least $$5,000$ from the employer during the

preceding year

d$.$ not be eligible to establish another retirement plan