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Fiasco, Inc. (FI). Fl sponsors a top-heavy qualified Rachel has attained 2 years of service with her employer, profit sharing plan and Rachel's account balance

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Fiasco, Inc. (FI). Fl sponsors a top-heavy qualified Rachel has attained 2 years of service with her employer, profit sharing plan and Rachel's account balance within the plan is $200,000. If the plan follows the least generous graduated vesting schedule permitted under PPA 2006, and considering Rachel has never taken a plan loan before, what is the maximum loan Rachel can take, plan permitting? O$0. Plan loans are not permissible from a top-heavy profit sharing plan $20,000 $40,000. $50,000. QUESTION 70 Social Security cost of living adjustments affect which of the following: O The monthly retirement benefit checks O The top and bottom bend points. O Medicare B premiums for single filers. None of the above. QUESTION 71 Colin took a $10,000 distribution from his IRA and rolled it over within 60 days to IRA 2 on May 2, Year 1. Can Colin indirectly rollover the balance in IRA 2 to IRA 3 Yes, at any time as long as he deposits the funds into IRA 3 within 60 days from the distribution OYes, if it is in the next calendar year OYes, after 12 months from the contribution to IRA 2 O No. QUESTION 72 Glen is 85 years old and is covered by Medicare parts A and B. While walking down the wooden stairs at his home last week, Glen's stylish Italian loafer slipped out from under him and he fell and broke his hip is three places. All of the following medical expenses will be covered under Part A of Medicare EXCEPT: Follow up visits to his primary care physician after Glen's recovery OHospital room and meals for 5 days spent in the hospital. OMedical and surgical expenses to treat his broken hip. Rehabilitation services in a skilled nursing care facility for 10 days

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