Multiple Choice
Which of the following statements is incorrect regarding the SEP IRA?
A) Both employers and employees can contribute to the plan.
B) Contributions made by the due date of the tax return can be treated as made on the last day of the related tax year.
C) Employer contributions must be nondiscriminatory.
D) The maximum contribution for 2019 is $56,000.
Correct Answer:
Verified
Correct Answer:
Verified
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