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Question 6 1 pts Barry is the sole shareholder of Zippy Internet Services, Inc., a C corporation that employs 10 people. The company has been

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Question 6 1 pts Barry is the sole shareholder of Zippy Internet Services, Inc., a C corporation that employs 10 people. The company has been in business for 4 years and has had fluctuating cash flows during that time. Barry would like to install a qualified plan with the following criteria: Reward, motivate, and retain employees Reduce corporate income taxes Provide for his own retirement Barry would like to contribute to each employee's account an amount equal to 8% of compensation. What would be the most appropriate course of action for Barry? Establish a profit-sharing plan. Establish a money purchase pension plan. Establish a traditional defined benefit pension plan Establish a defined benent pension plan combined with a profit-sharing plan

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