Section 403(b) plan (tax-sheltered annuity plan or TSA) employer contributions I. must abide by the annual additions limit.
II. must not discriminate in favor of highly compensated employees.
III. are based on a maximum annual covered compensation of $230,000 in 2021.
IV. are subject to FICA (Social Security and Medicare) and FUTA (federal unemployment) payroll taxes.
A. I, II, and III
B. I and II
C. II, III, and IV
D. III and IV

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.