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Question 2. 2. Tom is interested in adopting a retirement plan for his business. His primary goals are to contribute the maximum amount allowable to

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Question 2. 2. Tom is interested in adopting a retirement plan for his business. His primary goals are to contribute the maximum amount allowable to his tax-deferred savings and to minimize the expense and paperwork associated with the plan. Which of the following retirement plans would you recommend for Tom's business? (Points : 5) SIMPLE IRA Defined benefit plan Simplified employee pension (SEP) plan Profit-sharing plan

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