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Foster Tate, age 64, died this year before retiring. Foster’s beneficiary receives a lump sum death benefit of $200,000 from a cash value life insurance plan that was part of Foster’s retirement plan. The cash value of the insurance was $120,000 at the time of Foster’s death. Foster had reported a total of $20,000 of insurance costs for this contract on his income tax returns. The taxable amount of this benefit to the beneficiary is

A defined benefit plan can help an older controlling employee in a small business maximize tax-deferred savings.

Which of the following pension plans are exempt from ERISA reporting requirements?(I)qualified stock bonus plans(II)state and federal government plans(III)unfunded excess benefit plans(IV)plans of churches or synagogues

Certain premature distributions are subject to penalties.

An ESOP must meet a requirement that it be invested primarily in employer securities.

Ben Movin, an executive at Golden Corporation, moved from a branch office in California to corporate headquarters in North Dakota. Ben obtained a $15,000 bridge loan from the company to cover expenses until the closing on his old house at the end of next month and the closing on his new home two weeks after that. Which of the following requirements must Ben meet relative to this loan?

A defined benefit plan can help an older controlling employee in a small business maximize tax-deferred savings.

The fiduciary responsibility net includes any person who(I) exercises any discretionary authority or control over plan management(II) exercises any control over plan asset management(III) renders investment advice for compensation(IV) has discretionary authority or responsibility in plan administration

The respiratory therapist is called to evaluate a patient with a suspected pleural effusion. The respiratory therapist would most likely recommend which of the following chest radiographic views to help determine if the patient has a pleural effusion?

Hospital management of near-drowning victims includes:1. measurement of arterial blood gas values.2. rewarming if the patient is hypothermic.3. measurement of venous blood gas values.4. chest radiography.