Author Question: The IRS considers Sylvia to be a highly compensated employee for Beautiful Pictures, Inc., which ... (Read 79 times)

urbanoutfitters

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The IRS considers Sylvia to be a highly compensated employee for Beautiful Pictures, Inc., which means that she met which one of the following criteria (assume that the previous year was 2015)?
 
  A) either a current annual salary of more than 170,000; and, in the previous year, a 5 owner or a 1 owner of the employer's business whose annual pay was greater than 150,000
  B) either an annual salary of more than 170,000; or, in the previous year, a 5 owner or a 1 owner of the employer's business whose annual pay was greater than 150,000
  C) an annual salary exceeding 50,000
  D) an annual salary less than 170,000

Question 2

For which reason does the IRS use the term key employees?
 
  A) non-discrimination rules in retirement benefits
  B) non-discrimination rules in health insurance benefits
  C) top-heavy provisions in employer-sponsored qualified retirement plans
  D) top-heavy provisions in employer-sponsored health insurance plans


courtney_bruh

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Answer to Question 1

Answer: B

Answer to Question 2

Answer: C



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