Robert "Bubba" Boudreaux, 32, owns and operates a po'boy shop in New Orleans, called Ya Mama's Po Boys, Iri family business that sells authentic New Orleans fare, just like "ya mama would serve, assuming she was from N Orleans. Bubba wants to establish a retirement plan so he can save for his retirement and the retirement o employees on a tax-deferred basis. He has recruited you to assist in making a plan selection. Bubba only wants to contribute in years that he makes a profit and does not want to incur much if anything on administrative expenses. Since the employees of Ya Mama's are all family members, Bubba is happy to contribure behalf of the employees when the restaurant is doing well. 1. Based on Bubba's objectives, what type of retirement plan is most suited for his needs? Answer: Why might you recommend that Bubba utilize a qualified profit sharing plan with a CODA in lieu of the sug- gestion in question 1? (If you suggested a profit sharing plan with a CODA for question 1, reconsider.) 2. Answer: chapter Bubba employs the following individuals. Which employees may he exclude if the plan was a SIMPLE, SEP, or 401(k) profit-sharing plan? Full-Time/ Name Age Years of Service Part-Time Annual Income (