Mom and Pop's Grocery is a sole proprietorship. Mom and Pop would like to establish a qualified plan to take advantage of the same tax advantages to which corporations are entitled. Mom and Pop should established:

a) 401(k) plan
b) Simplified Employees Pension (SEP)
c) Individual Retirement Account (IRA)
d) Keogh (HR-10) plan

Ans: d) Keogh (HR-10) plan

Business

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When recording meeting minutes, which of the following would be most helpful for attendees?

A) A list of those who were invited but didn't attend B) A list of comments from each participant C) All major decisions reached D) Discussion points E) A list of those who attended

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The board of ______of a business corporation have general management power overthe corporation and are responsible for setting general business policies

Fill in the blanks with correct word

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