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Which of the Following Is a True Statement Regarding SIMPLE

Question 45

Multiple Choice

Which of the following is a true statement regarding SIMPLE IRAs?


A) SIMPLE IRAS require employees to make contributions each month.
B) Employer contributions to SIMPLE IRAS are not tax deductible.
C) Employers usually handle the IRS paperwork for SIMPLE IRAs.
D) SIMPLE IRAs have low administrative costs.

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