Multiple Choice
Paul is a participant in a qualified retirement plan in 2012.In which situation would he be considered highly compensated?
A) He owns 4% of the company.
B) He receives a total salary of $110,000 from the company.
C) He is a member of the top-paid group and receives a salary of $75,000.
D) He is vice-president and receives a salary of $55,000.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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