Which of the following statements is true regarding employer-provided qualified retirement plans?

Maren received 10 NQOs (each option gives her the right to purchase 10 shares of stock for $8 per share) at the time she started working, when the stock price was $6 per share. When the share price was $15 per share, she exercised all of her options. Eighteen months later, she sold all of the shares for $20 per share. What is the amount of Maren’s bargain element?

Daschle LLC completed some research and experimentation during June of the current year. The related costs were $66,000. If Daschle wants to recover the costs as quickly as possible, what is the total deduction Daschle may deduct during the current year?

Riley participates in an employer’s 401(k) plan. Riley retired in 2025 at age 75. When must Riley receive the distribution pertaining to 2025 to avoid minimum distribution penalties?

Potomac LLC purchased an automobile for $30,200 on August 5, 2025. What is Potomac’s depreciation deduction for 2025? (Ignore any possible bonus depreciation.) (Use MACRS Table 1 from Question 4 and Exhibit 10-10.) 

Deanna has earned $72,500 annually for the past six years working as an architect for WCC Incorporated Under WCC’s defined benefit plan (which uses a seven-year graded vesting schedule). Employees earn a benefit equal to 4.0 percent of the average of their three highest annual salaries for every full year of service with WCC. Deanna has worked for six full years for WCC and her vesting percentage is 80 percent. What is Deanna’s vested benefit (or annual retirement benefit she has earned so far)?

Barack Obama was the first Black man elected to the presidency. 

The Iranian Hostage Situation: 

Medicare was designed specifically to assist older Americans with: 

Henry Kissinger served as Secretary of State and practiced what became known as: