Please answer 16 and 17. Thank you! Question 16 (1 point) Dak works at Star, Inc. where his employer offers a qualified retirement plan. Dak's AGI is $50,000 and is single. While the company has contributed to the plan on his behalf in the amount of $1,0000, Dak has not made any elective deferrals himself. Dak was told this might affect his ability to contribute to a Roth IRA. Which of the following is/are true regarding Dak and his situation? 1. Dak can contribute up to $5,5000 assuming he isn't old enough for the catch-up provision 2. Dak can contribute up to $6,5000 if he is old enough for the catch-up provision. 3. Dak can't contribute because he is an active participant in a qualified retirement plan. 4. Dak can't contribute to a Roth IRA because his AGI is too high for a single tax filer that participates in a qualified plar. 1) Both 1 and 2 2) 1 Only 3) 2 Only DOLL 2. Dak can contribute up to $6,5000 if he is old enough for the catch-up provision. 3. Dak can't contribute because he is an active participant in a qualified retirement plan. 4. Dak can't contribute to a Roth IRA because his AGI is too high for a single tax filer that participates in a qualified plan 1) Both 1 and 2 2) 1 Only 3) 2 Only 4) 3 Only 5) 4 Only Question 17 (1 point) Which of the following statement is/are correct? 1. If a participant terminates service with a defined benefit pension plan sponsor DOLL 5) 4 Only Question 17 (1 point) Which of the following statement is/are correct? 1. If a participant terminates service with a defined benefit pension plan sponsor before becoming 100% vested, the participant's forfeitures may be allocated to the other participants of the defined benefit pension plan. 2. An individual whose average three highest consecutive years of compensation is $130,000 will have a maximum benefit payable at retirement from their defined benefit pension plan of $220,000 (2018) per year 1) Both 1 and 2 2) 2 Only 3) 1 Only 4) Neither 1 nor 2. DOLL