Author: Anonymous

S corporation shareholders who own more than 50% of the business and are also employees of the corporation should

Employees of the Design Line, an exclusive women’s clothing store, can purchase clothing from the store at 20% off retail. The owner of Design Line also can offer this employee discount to

The owner of Braxton Steel Corporation has been discussing installation of a legal services plan at Braxton. The owner has asked you to explain the features of an open-panel prepayment legal services plan. You reply

Baden Industries has three divisions: planning, manufacturing, and marketing. Tim Jackson, owner of Baden, wants to tie a bonus plan to profit as an employee performance incentive. As his financial advisor, you explain to Tim that profit can be calculated as

Distributions from a traditional IRA cannot be made before the participant turns 59½ unless the IRA owner dies.

Which of the following options are good questions to ask about existing benefit plans?(I)Who is covered?(II)What benefits are provided?(III)How is the plan funded?(IV)Who administers the plan?

HMOs try to control costs by emphasizing preventative care.

If ERISA’s pension plan rules do not apply, a severance plan can cover:

Pam wants to use money from a traditional IRA for a down payment to purchase a first home. How much can she withdraw from her IRA without having to pay the federal early distribution penalty?

In lieu of a bonus, an employer can provide a tax-deferred benefit to employees by using