Which of the following statements regarding Safe Harbor 401(k) Plans is CORRECT?
A) The penalty for early withdrawal is 25%.
B) Employees must be 25 years old to be eligible participants.
C) Employers may deduct up to 25% of their contributions to the Plan.
D) Contributions are included in employee taxable income.
Ans: C) Employers may deduct up to 25% of their contributions to the Plan.
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Apple's iPod has been called "one of the greatest consumer electronics hits of all time." iPods have been sold in huge numbers, and Apple captures a large share of the music player market
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