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Author Question: Which of the following refers to a plan in which employees contribute a portion of their earnings to ... (Read 197 times)

lindiwe

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on: Jul 7, 2018
Which of the following refers to a plan in which employees contribute a portion of their earnings to a fund and the employer typically matches the contribution in whole or part?
 
  A) group investment plan
  B) 401(k) plan
  C) deferred profit-sharing plan
  D) employee stock ownership plan

Question 2

All of the following are characteristic of 401(k) plans EXCEPT ________.
 
  A) categorized as a defined contribution plan
  B) deduction replaces Social Security tax
  C) pretax salary deductions invested
  D) considered a savings and thrift plan


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Qarqy

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Reply #1 on: Jul 7, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: B


lindiwe

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Reply #2 on: Jul 7, 2018
Correct answers!


Qarqy

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Reply #3 on: Jul 7, 2018
Great! Please up vote :D


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