Multiple Choice
Which of the following is true concerning SEP IRAs?
A) SEP IRAs are difficult to set up and have high administrative costs.
B) Taxpayers may contribute unlimited amounts to SEP IRAs .
C) Employees of the taxpayer cannot be included in SEP IRAs.
D) Taxpayers with a SEP IRA must contribute for their employees.
Correct Answer:
Verified
Correct Answer:
Verified
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