federal income tax question

Each penalty They may each take a tax-free distribution of $5,000, for a total of $10.000 Mark for follow up Question 9 of 10 The attributes of a Health Saving Account used as a retirement savings account includes which of the following? After age 65, all distributions are tax-free. The funds can accumulate year after year with no required minimum distribution An individual can contribute up to $7.000 a year. Individuals over age 50 may contribute an additional $1,000 catch-up contribution Mark for follow up Question 10 of 10. Beginning with contributions for the 2020 tax year, taxpayers working past what age may no longer make contributio- to a traditional IRA? 2011 Question 5 of 10 In a top-heavy plan, who of the following is not a key employee? O John, a 10% owner of the business with compensation of $125,000 Emily, the executive assistant, with compensation of $160,000 Richard, a 2% owner with compensation of $158,000 Elizabeth, the CFO with compensation of $190,000 Mark for follow up Question 6 of 10. Which of the following is NOT a general rule for qualified plans? No other qualified retirement plan may be sponsored by the employer. The plan must have minimum vesting standards. Elective deferrals must be limited. Contributions and benefits must not exceed certain limits