Series 66: Exercise

Exercise

Answer the Following Questions

1. 1. Name the type of retirement plan for small business that allows the business owner to skip contributions in years when business is bad.
2. A. SEP
3. B. SIMPLE
4. C. Keogh
5. 2. Name the type of retirement plan for small business that is now more commonly called HR-10 or qualified plan.
6. A. SEP
7. B. SIMPLE
8. C. Keogh
9. 3. Name the type of retirement plan that is only appropriate for sole proprietorships and unincorporated businesses.
10. A. SEP
11. B. SIMPLE
12. C. Keogh
13. 4. Name the type of retirement plan for small business that allows contributions for individuals over 70 1/2 years old.
14. A. SEP
15. B. SIMPLE
16. C. Keogh
17. 5. Name the type of retirement plan for small business for which the employer is required to either match employee contributions up to 3% of the employee’s compensation or to contribute 2% whether t