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Workers Are Classified as Key Employees If They Meet One

Question 48

Multiple Choice

Workers are classified as key employees if they meet one of which three criteria? (The Internal Revenue Code)

A) An officer making over $150,000, an employee who for 2012 is either a 5% owner or 2% owner of the business that makes more than $150,000
B) An officer making over $165,000, an employee who for 2012 is either a 3% owner or 1% owner of the business that makes more than $150,000
C) An officer making over $150,000, an employee who for 2012 is either a 5% owner or 1% owner of the business that makes more than $150,000
D) An officer making over $165,000, an employee who for 2012 is either a 5% owner or 1% owner of the business that makes more than $150,000

Correct Answer: