Author Question: Which of the following is associated with Roth 401(k) plans? A) Employees pay taxes on their ... (Read 88 times)

@Brianna17

  • Hero Member
  • *****
  • Posts: 550
Which of the following is associated with Roth 401(k) plans?
 
  A) Employees pay taxes on their contribution.
  B) Employees do not pay taxes on their contributions.
  C) Investment gains are taxed.
  D) Employees can deduct their contributions from post taxable income.

Question 2

A 401(k) plan is which of the following types of retirement benefits?
 
  A) defined contribution
  B) defined benefit
  C) qualified benefit
  D) nonqualified benefit



alexanderhamilton

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

Answer: A

Answer to Question 2

Answer: A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

For a complete list of videos, visit our video library