They want to start a program through their practice that will provide retirement benefits for themselves & three other employees. They would likely choose <u>HR-10 (Keogh Plan)</u><u>,</u> the correct option is D.
<h3>What is Keogh Plan?</h3>
For retirement, self-employed people and unincorporated businesses can use a Keogh plan, which is a tax-deferred pension plan. Defining a Keogh plan as either a defined-benefit or defined-contribution arrangement is possible, though the latter is how most plans are set up.
Contributions are typically tax deductible up to a predetermined percentage of annual income, with applicable absolute limits in U.S. dollars, which the Internal Revenue Service (IRS) can alter annually.
Self-employed individuals and unincorporated businesses, such as sole proprietorships and partnerships, can participate in Keogh plans as retirement plans. The creation and use of a Keogh plan for retirement is not permitted for independent contractors.
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Answer is in the photo. I can't attach it here, but I uploaded it to a file hosting. link below! Good Luck!
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Assuming your interest rate on the loan is 8. 6%. The additional margin generated will cover the interest payments.
<h3>Additional margin</h3>
Let determine the weekly interest
Weekly interest= 8.6% /12 x 60,000
Weekly interest= $99.23
Let calculate the amount left since the business generates $500 at a margin of 80
Amount left= 500 x 80%
Amount left= $400
Based on the above calculation we can see that the amount of $400 is sufficient enough to cover the $99.23 payments.
Inconclusion the additional margin generated cover the interest payments.
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Aerobics exercise are practice or training routines which is aimed at strengthening the muscles and aiding general fitness. Aerobic exercises performed in a water or pool, they are called water aerobics or aquatic fitness routines.
Hence, <em>swimming laps are not a form of aerobics</em>. Hence, the Statememt is false.
Swimming is a sport on its own which is performed inside a pool. Water aerobics however are performed in shallow waters and are meant to improve aquatic fitness. Water aerobic routines include ; <em>Water yoga, Zumba and aqua jog</em>.
Therefore, swimming is not a water aerobic routine.
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