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NEW QUESTION: 1
Which of the following plans does not have the requirement that its participants must begin withdrawing funds from the plan by April 1st of the year after they turn 70 ½?
I. SIMPLE IRA II. 401(k)
III. Roth IRA
IV. profit-sharing plan
A. III only
B. All of the above have a mandatory distribution requirement.
C. I and III only
D. I, III and IV only
Answer: A
Explanation:
Explanation/Reference:
Explanation: The Roth IRA does not have the requirement that its participants must begin withdrawing funds from the plan by April 1st of the year after they turn 70 ½. The Roth IRA does, however, have a mandatory distribution requirement that goes into effect if the participant dies.
NEW QUESTION: 2
A bank owns 50 computer tables whose useful life has been set as 20 years. The depreciation method for these assets is set as the straight line method. The bank wants to determine the value of these tables at the end of their useful life.
What would the value be? (Choose the best answer.)
A. o
B. equal to the original cost of the new asset of the same type
C. 0
D. almost 0
Answer: A
NEW QUESTION: 3
Which factor encompasses the standards and cultural behavior that are important to the business?
A. mission
B. strategy
C. values
D. vision
Answer: C
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