AHIP Exam AHM-520 Topic 3 Question 24 Discussion

Actual exam question for AHIP's AHM-520 exam

Question #: 24
Topic #: 3

The following statements are about 501(c)(9) trusts. Select the answer choice containing the correct statement:

AIn the event a 501(c)(9) trust is terminated, any funds remaining in the trust revert back to the employer.

BIn order to satisfy Internal Revenue Code (IRC) requirements, membership in a 501(c)(9) trust is mandatory for all employees.

CContributions made by an employer to a 501(c)(9) trust are deductible for federal income tax purposes.

DTypically, a 501(c)(9) trust is controlled solely by the employer that established the trust.

Show Suggested Answer

Suggested Answer: C

by Celeste at May 07, 2022, 06:22 AM

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