Blog

Salary reduction elections must be made by employees during a _____ period prior to January 1 of the year for which the elections are made.

For a self-employed person using the car for business purposes, interest on a car loan is tax deductible to the extent that the vehicle was used in company business.

Which of the following statements about a tax deferred annuity plan is (are) true?

Salary reduction elections must be made by employees during a _____ period prior to January 1 of the year for which the elections are made.

Which of the following is not true about a SIMPLE IRA?

A life insurance contract can be used as a “golden handcuffs” offer to an executive.

A “fiduciary” typically includes which of the following?

Walter Graves, owner of Graves Excavating wants to deposit employer stock in a qualified individual account plan. The stock is not publicly traded. Which of the following is (are) true for Walter?

The death benefits of key employee life insurance are payable to the employer.

A life insurance contract can be used as a “golden handcuffs” offer to an executive.