A primary difference between a SEP and an IRA is that
A) the limit of money an employer is permitted to contribute to a SEP each year is higher than the limit for an IRA
B) the amount an employer can contribute to a SEP is unlimited
C) the amount contributed by an employer to a SEP is included in the employee's gross income
D) the employer can contribute to an IRA but not to a SEP
Ans: A) the limit of money an employer is permitted to contribute to a SEP each year is higher than the limit for an IRA
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