A small employer incurs $1,600 for consulting fees related to establishing a qualified retirement plan for its 75 employees.As a result, the employer may claim the credit for small employer pension plan startup costs for $800.

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The Answer of A small employer incurs $1,600 for consulting fees related to establishing a qualified retirement plan for its 75 employees.As a result, the employer may claim the credit for small employer pension plan startup costs for $800.

A Small Employer Incurs $1,600 for Consulting Fees Related to Establishing