CRPC Practice Exam 2 Questions And Verified Correct Answers Guaranteed Pass.
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Course
CRPC.
Institution
CRPC.
Which of the following are correct statements about the capital utilization strategy? - correct answer I. It produces an annual retirement income over a finite number of years.
II. Assuming the yield remains the same, the larger the retirement income ...
No other qualified plan or 403(b) - correct answer Simple IRA or Simple 401(k)
Younger employees benefit from years of contributions and compounding - correct answer
Profit sharing, SEP, or Tandem Plan
Business has stable cash flow and owner willing to make annual financial commitment, but either
unwilling or unable to commit more than 25% compensation - correct answer
Money Purchase or Target Benefit Plan to provid age-weighted plan
Means to allow owner to meet his/her retirement - correct answer Defined
Benefit Plan
No more than 100 employees earing $5000 or more - correct answer Simple
IRA or Simple 401(k)
Desire plan that will motivate employees - correct answer Profit sharing, SEP,
or Tandem Plan
Seeks maximum tax shelter - correct answer Defined Benefit Plan
Business cash flow fluctuates - correct answer Profit sharing, SEP, or Tandem
Plan
Owner willing to make minimal contribution-2% or 3% of compensation - correct answer
Simple IRA or Simple 401(k)
Means to allow owner to meet his/her retirement - correct answer Defined
Benefit Plan
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