This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A 401(k) plan is a defined benefit plan in which employees may defer income up to a maximum amount ... (Read 89 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
on: Jul 6, 2018
A 401(k) plan is a defined benefit plan in which employees may defer income up to a maximum amount allowed.
 
  Indicate whether this statement is true or false.

Question 2

What type of retirement plan has elements of both defined benefit plans and defined contribution plans?
 
  A) 401(k) plan
  B) 403(b) plan
  C) benefit plan
  D) cash balance plan


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JaynaD87

  • Sr. Member
  • ****
  • Posts: 368
Reply #1 on: Jul 6, 2018
Answer to Question 1

Answer: FALSE

Answer to Question 2

Answer: D


sammy

  • Member
  • Posts: 818
Reply 2 on: Jul 6, 2018
Wow, this really help

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Plan and exterior, San Vitale, Ravenna. Plan and exterior, San Vitale, Ravenna.
Summary of Coordination of Benefit Rules Summary of Coordination of Benefit Rules
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
A Healthy Daily Food Plan A variety of foods from each group creates a well-balanced diet A Healthy Daily Food Plan A variety of foods from each group creates a well-balanced diet
Relationship between Income and Happiness in the United States Relationship between Income and Happiness in the United States
Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ... Calculate the amount of interest that will be charged on $9000.00 borrowed for four months at ...
Video: Dissociative Disorders (Part 1)

For a complete list of videos, visit our video library