Answered: Which of the following employer…

Which of the following employer contributions satisfies the safe harbor test? 100% match up to 3%, 50% match on the next 2% 100% match to 3% 3% nonelective contribution 1.5% nonelective contribution

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter9: Operating Activities

Section: Chapter Questions

Problem 11QE

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Question

Which of the following employer contributions satisfies the safe harbor test?

100% match up to 3%, 50% match on the next 2%
100% match to 3%
3% nonelective contribution
1.5% nonelective contribution

Select one:

1 and 2

2, 3, and 4

1, 2, and 4

1 and 3

1, 2, and 3

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