1. When Choosing His Retirement Plan, Mike Sel

1. When choosing his retirement plan, Mike selected a form that would pay his wife a 100 percent annuity for 15 years. This form of benefit is known as a/an _______ form. A. optional alternativeB. constructed transitionalC. nonalienationD. natural2. Which one of the following employers would be eligible to adopt a SIMPLE? A. A community center that maintains a 403(b) for its employeesB. Any nonprofit employer who does not maintain a 403(b) planC. A company that maintains an SEP for its employeesD. An electrical contractor with 120 employees3. The Marx company makes allocations to employee accounts that meet the nondiscrimination requirements; the total employer contributions are $10,000. The average salary of all employees is $67,000. If Jamar's salary is $58,000, how much, rounded up to the nearest dollar, would be allocated to him? A. $10,786B. $20,896C. $8,657D. $28, 2854. The Carbon Company makes allocations to employee accounts that meet the nondiscrimination requirements; the total employer contributions are $10,000. The average salary of all employees is $67,000. If Laverne's salary is $69,000, how much, rounded up to the nearest dollar, would be allocated to her? A. $9,755<w:highlight