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

Author Question: Which of the following refers to a plan in which employees contribute a portion of their earnings to ... (Read 149 times)

lindiwe

  • Hero Member
  • *****
  • Posts: 577
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Qarqy

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jul 7, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: B


lindiwe

  • Hero Member
  • *****
  • Posts: 577
Reply #2 on: Jul 7, 2018
Correct answers!


Qarqy

  • Sr. Member
  • ****
  • Posts: 313
Reply #3 on: Jul 7, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Nursing care plan anxiety Nursing care plan anxiety
Andrea Palladio, Plan of main floor (piano nobile), Villa La Rotunda. Andrea Palladio, Plan of main floor (piano nobile), Villa La Rotunda.
It is important for new employees to know the location of all fire extinguishers. (A) Pull the pin ... It is important for new employees to know the location of all fire extinguishers. (A) Pull the pin ...
Plan and Reconstruction Drawing of the house of the Silver Wedding Plan and Reconstruction Drawing of the house of the Silver Wedding
Analogies for estimating portion size Analogies for estimating portion size
Body plan of an aquatic snail and micrograph of a radula Body plan of an aquatic snail and micrograph of a radula
Video: Role of complement proteins

For a complete list of videos, visit our video library