Which of the Following Statements Regarding Self-Employed Retirement Accounts Is

Multiple Choice

Which of the following statements regarding self-employed retirement accounts is true?

A) A self-employed taxpayer who has hired employees may set up either a SEP IRA or an individual 401(k) .
B) A self-employed taxpayer who has hired employees may not set up a SEP IRA.
C) A self-employed taxpayer who has hired employees may not set up an individual 401(k) .
D) All of the choices are false.