RPA 1 - Final Exam 100 Questions and Answers Latest 2024 Already Passed

RPA 1 - Final Exam 100 Questions and Answers Latest 2024 Already Passed Top-hat plan - ANSWER-A retirement plan that is unfunded and maintained by an employer primarily for the purpose of providing deferred compensation for a "select group of management or highly compensated employees" is called a (n): Economic Benefit - ANSWER-A theory of income taxation that imposes current tax liability on taxpayers who receive something of reasonable value is known as the doctrine of: Must be given the election to remain under the pre-amendment vesting schedule for both pre-and post-amendment benefit accruals. - ANSWER-An employee with four years of service participates in a retirement plan. The vesting schedule in this plan is changed by plan amendment. Under tax law, this plan participant: An example of a sponsor of a 403(b) plan is - ANSWER-public college Contributions to a profit sharing plan must be made on - ANSWER-A subs