All categories

3 years ago

Which of the following statements regarding a SEP is true?

Business

1 answer:

oee [108]3 years ago

4 0

Answer:

All the statements are false

Explanation:

A simplified employee pension (SEP) retirement plan can be set up by an employer or by someone that is self-employed. The employer benefits from the SEP because his contributions are tax deductible. The employer's contributions to SEP individual retirement accounts is completely discretionary, they don't have to follow a fixed rate or amount. The contributions must be equally proportional to all full time employees. The main advantage of a SEP plan is that it is very simple to set up.

You might be interested in

When reviewing the offering documents for a new issue, the FINRA Corporate Financing Department will only permit a new issue to

Dmitrij [34]

The FINRA Corporate Financing Department will only approve a new issue to be offered by a member firm after analyzing the offering documentation for the new issue and determining that the offering spread is reasonable and fair.

<h3>What does the finance department do?</h3>

A business's finance department is the division in charge of procuring and managing all financial resources on the company's behalf. The department oversees income and expenses in addition to ensuring that operations function smoothly with the least amount of disturbance.

<h3>How does a financial department operate?</h3>

Banking, leverage or debt, credit, capital markets, money, investments, and the design and management of financial systems are all included in the field of finance.
Micro economic and macroeconomic theories form the foundation of fundamental financial ideas.

<h3>Why is a company's finance department important?</h3>

A company's finance department is crucial in monitoring performance and developing answers to vital inquiries concerning risk management and return on investment. There won't be a green light without a profit.

learn more about finance department here

<u>brainly.com/question/22525869</u>

#SPJ4

7 0

2 years ago

A corporation is concerned about their exposure to criminal liability after the most recent election cycle placed a number of ne

Angelina_Jolie [31]

Answer:

The strategy that would be least effective in reducing the company's criminal liability is:

D. It could donate to the election campaigns of the new members of Congress to establish goodwill.

Explanation:

While the other three options will effectively reduce the company's criminal liability exposure, option D is the least that is likely to have a positive or effective effect. This implies that option D is most likely to aggravate the criminal liability of the company as it will be regarded as bribery to cover up a crime.

4 0

3 years ago

Among fatal plane crashes that occurred during the past 55 years, 619 were due to pilot error, 85 were due to other human err

sergey [27]

Answer:

Relative Frequency = Observed value for each cell / Total frequency * 100

Cause Relative Frequency

Pilot Error 619

Other human error 85

Weather 574

Mechanical problems 566

Sabotage 524

Total 2368

The total frequency is 2368

The calculation of the relative frequency distribution is

Cause Relative Frequency Result

Pilot Error 619/2368 * 100 26.14%

Other human error 85/2368 * 100 3.59%

Weather 574/2368 * 100 24.24%

Mechanical problems 566/2368 * 100 23.90%

Sabotage 524/2368 * 100 <u>22.13%</u>

Total 100%

Conclusion: The most serious threat to aviation safety is the Pilot error as it has the highest frequency. Pilot need to be more equipped with understanding and knowledge of how to deal with unexpected event i.e. turbulence, engine failure among others..

5 0

3 years ago

What is compounding interest?

Svetlanka [38]

Answer:

Explanation:

the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

4 0

3 years ago

Pinnocle Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total

Lostsunrise [7]

Answer:

Product margin= $9,607.5

Explanation:

<u>First, we need to calculate the allocation rates:</u>

Assembly= 1,533,840 / 77,000= $19.92 per machine-hour

Processing orders= 91,065 / 1,950= $46.7 per order

Inspection= 139,788 / 1,980= $70.6 per inspection-hour

<u>Now, we need to allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Assembly= 19.92*660= 13,147.2

Processing orders= 46.7*50= 2,335

Inspection= 70.6*10= 706

Total= $16,188.2

<u>Finally, the product margin for product S78N:</u>

Product margin= 430* (124.3 - 51.25 - 13.06) - 16,188.2

Product margin= $9,607.5

4 0

3 years ago