Which of the following is not a self-employed retirement account?

A) SEP IRA.

B) SERA 403(c).

C) Individual 401(k).

D) None of the choices are correct. All of these choices are self-employed retirement accounts.

42. In general, which of the following statements regarding self-employed retirement accounts is true?

A) In general, SEP IRAs have higher contribution limits than individual 401(k)s if the contributing taxpayer is at least 50 years of age at year-end.

B) In general, SEP IRAs have higher contribution limits than individual 401(k)s no matter the age of the contributing taxpayer.

C) In general, individual 401(k)s have higher contribution limits than SEP IRAs.

D) None of the choices are true. In general, both SEP IRAs and individual 401(k)s have exactly the same annual contribution limits.