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T. Ray - Outlook https://slaug blac 2/files?preview=1592174 Page 1 of 2 (B (C) (D) $53,000 $75.000 $300,000 3 The Back-to-Sleep Corporation has adopted a 401(k)

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T. Ray - Outlook https://slaug blac 2/files?preview=1592174 Page 1 of 2 (B (C) (D) $53,000 $75.000 $300,000 3 The Back-to-Sleep Corporation has adopted a 401(k) plan. Under which of the following circumstances will the plan pass the actual deferral percentage (ADP) test? (A) The ADP for nonhighly compensated employees is 9% and the ADP for highly compensated employees is 14.6596 (B) The ADP for nonhighly compensated employees is 8% and the ADP for highly compensated employees is 12.89% The ADP for nonhighly compensated employees is 7% and the ADP for highly compensated employees is 8.75% (D) The ADP for nonhighly compensated employees is 6% and the ADP for highly compensated employees is 11.796 4. Employee contributions to qualified retirement plans are subject to which of the following at the time of contribution? (A Federal income taxes () Social Security and Medicare payroll taxes ( Both of the above D Neither of the above 5 Under the Social Security integration rules, a defined contribution plan tising an integration formula with a base contribution percentage would be allowed to contribute which of the following percentages for employees with compensation above the integration level? CA ) 5. 70 12.70 150 DELL F6 F7 F8 FO F10 1 F11 1 F12 PERSE Ver & 5 7 4. Employee contributions to qualified retirement plans are subject to which of the following at the time of contribution? (A) Federal income taxes (B) Social Security and Medicare payroll taxes Both of the above Neither of the above T. Ray - Outlook https://slaug blac 2/files?preview=1592174 Page 1 of 2 (B (C) (D) $53,000 $75.000 $300,000 3 The Back-to-Sleep Corporation has adopted a 401(k) plan. Under which of the following circumstances will the plan pass the actual deferral percentage (ADP) test? (A) The ADP for nonhighly compensated employees is 9% and the ADP for highly compensated employees is 14.6596 (B) The ADP for nonhighly compensated employees is 8% and the ADP for highly compensated employees is 12.89% The ADP for nonhighly compensated employees is 7% and the ADP for highly compensated employees is 8.75% (D) The ADP for nonhighly compensated employees is 6% and the ADP for highly compensated employees is 11.796 4. Employee contributions to qualified retirement plans are subject to which of the following at the time of contribution? (A Federal income taxes () Social Security and Medicare payroll taxes ( Both of the above D Neither of the above 5 Under the Social Security integration rules, a defined contribution plan tising an integration formula with a base contribution percentage would be allowed to contribute which of the following percentages for employees with compensation above the integration level? CA ) 5. 70 12.70 150 DELL F6 F7 F8 FO F10 1 F11 1 F12 PERSE Ver & 5 7 4. Employee contributions to qualified retirement plans are subject to which of the following at the time of contribution? (A) Federal income taxes (B) Social Security and Medicare payroll taxes Both of the above Neither of the above

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