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RPA 1 - Final Exam 100 Questions and Answers Latest 2022 Already Passed

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Top-hat plan ✔✔A retirement plan that is unfunded and maintained by an employer primarily for the purpose of providing deferred compensation for a "select group of management or highly compensat ... ed employees" is called a (n): Economic Benefit ✔✔A theory of income taxation that imposes current tax liability on taxpayers who receive something of reasonable value is known as the doctrine of: Must be given the election to remain under the pre-amendment vesting schedule for both pre-and post-amendment benefit accruals. ✔✔An employee with four years of service participates in a retirement plan. The vesting schedule in this plan is changed by plan amendment. Under tax law, this plan participant: An example of a sponsor of a 403(b) plan is ✔✔public college Contributions to a profit sharing plan must be made on ✔✔A substantial and reoccurring basis Employees withdrawing contributions from a savings incentive match plan for employees (SIMPLE plan) individual retirement account (IRA) during the two-year period beginning on the date of initial participation are subject to a penalty tax of ✔✔25 percent Federal law defines normal retirement age to be the age specified in the plan, but it cannot occur beyond the later of [Show More]

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