Question: CBT Computer Corporation just adopted a qualified plan under which it will contribute the amount required to fund the benefits promised to participants at retirement.

CBT Computer Corporation just adopted a qualified plan under which it will contribute the amount required to fund the benefits promised to participants at retirement. The company has decided to use a group deferred annuity to fund the plan. Based on this information, what type of plan has CBT Computer Corporation established? a. SEP IRA plan b. designated Roth IRA plan c. 401(k) plan d. defined benefit plan

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