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Which regarding a SIMPLE IRA is FALSE? a.There is a 25% penalty on distributions during the first two years of participation. b.A SIMPLE IRA can
Which regarding a SIMPLE IRA is FALSE? a.There is a 25% penalty on distributions during the first two years of participation. b.A SIMPLE IRA can be funded with life insurance. c.Catch-up contributions for a SIMPLE IRA are $3,500. d.Elective deferrals into a SIMPLE IRA are subject to payroll taxes
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
