An Advantage of defined benefit pension plan is: A. for an older participant with...
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Accounting
An Advantage of defined benefit pension plan is:
A. for an older participant with high salary or self-employment income ,they per annual deductible contributions than the other tax-advantaged retirement plan
B. they are simple and cheap to set and administer.
C. the maximum deductible contribution for 2020 is $ 50,000.
D. for a younger participant, they permit larger annual deductible contributions tax advantaged plan alternatives
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