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In: Accounting

An advantage of simple IRA arrangement is

An advantage of simple IRA arrangement is

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Expert Solution

The abbrevation for SIMPLE is Savings Incentive Match Plan for Employees and IRS is Individual Rteurn Account. It is a plan of retirement provided by employer who fewer employees and runs small business. The advantage of simple IRA is the less maintainence and administration costs and simpler to set up than other IRAs and also provide tax saving benefits to the employee.


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