Ken is a self-employed architect in a small firm with four employees: himself, his office assistant, and two drafters, all o worked for Ken full-time for the last four years. The office assistant earns $37,500 per year and each drafter earns $55 earnings from self-employment (after deducting all expenses and one-half of self-employment taxes) are $325,000. Ke whether to establish a SIMPLE plan and has a few questions. Required: a. Is he eligible to establish a SIMPLE plan? b. Is he required to cover his employees under the plan? c. If his employees must be covered, what is the maximum amount that can be contributed on their behalf? d. If the employees are not covered, what is the maximum amount Ken can contribute for himself? e. If Ken is required to contribute for his employees and chooses to contribute the maximum amount, what is the maxin Ken can contribute for himself? (Hint: Calculate the employee amounts first.) Ignore any changes in Ken's self-emplo

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing t…