Profit Sharing and Retirement Planning Tax Questions

September 18, 2022

Profit Sharing and Retirement Planning Tax Questions

Order ID:89JHGSJE83839

Style:APA/MLA/Harvard/Chicago

Pages:5-10

Instructions:

Profit Sharing and Retirement Planning Tax Questions

Chapter 5 – Profit Sharing Plans Part 1

What does substantial and recurring refer to with Profit Sharing Plan contributions?

When are final employer contributions due for the year?

What are the three different way to allocate contributions to employees?

Which one of the three different ways to allocate contributions provide the most benefit to older people who are also owners of the company?

How is a New Comparability Plan different from the other profit sharing plans?Who do comparability plans end up benefiting the most?

What does CODA stand for?What are the maximum level of employee contributions to these plans?

Chapter 5 – Profit Sharing Plans Part 2

Who can establish a 401(k) plan?

Name at least three major differences between a Roth IRA and a Roth 401(k).

Describe which contributions to a retirement plan are subject to taxes.

Which plans have to pass the ACP & ADP nondiscrimination testing?

How is the ADP test calculated?

What has to happen if the ADP test is failed?

How can ADP/ACP tests be avoided?

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Excellent Quality

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The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.

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The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.

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Average Score

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More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.

83-76 points

Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.

52-49 points

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Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.

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