Question 35 (2 points) Which of the following statements is true regarding stock bonus plans? a) A stock bonus plan is similar to a profit-sharing plan, except that contributions and distributions are generally made in stock. b) There is no definite predetermined formula for allocating contributions among the participants in a stock bonus plan. c) Contributions to the stock bonus plan by the employer are completely dependent upon the employer's profits. d) Distributions from a stock bonus plan are not permitted to be made in cash even if that is what the participant prefers. Question 36 (2 points) Which of the following statements is true regarding simplified employee pensions (SEPs)? a) A SEP is a type of profit-sharing account that cannot accept an expanded rate of contributions. b) An employer's annual contribution to a SEP on behalf of each employee is unlimited. c) Employer contributions to a SEP can be conditioned on their retention in the plan and withdrawals are prohibited. d) SEPs are generally not a good choice for physician employees due to a possible lack of creditor protection. Question 37 (2 points) Loans to participants from tax-qualified retirement plans must be repaid within unless used for acquisition of a participant's personal residence. a) six months b) one year c) five years d) ten years