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Consider the following employee information for ABC Company: Employee; Prior Year Compensation; Ownership % 1 $150,000; 70% 2 $127,000; 4% 3 $75,000; 6% 4 $80,000;

Consider the following employee information for ABC Company: Employee; Prior Year Compensation; Ownership % 1 $150,000; 70% 2 $127,000; 4% 3 $75,000; 6% 4 $80,000; 2% In the year 2015, which of these employees are highly compensated for purposes of the qualified plan coverage rules? (Points : 2)

1, 2 and 3 3 and 4 2, 3 and 4 1 and 4

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