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 206 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?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

W-2 form issued to employees at the end of the year. W-2 form issued to employees at the end of the year.
New employees should be shown all exits in case of an emergency. New employees should be shown all exits in case of an emergency.
Recommended Portion Sizes per Serving Recommended Portion Sizes per Serving
How to choose the right payment plan with changing conditions (Question 2) How to choose the right payment plan with changing conditions (Question 2)
Certain foods and lifestyle factors contribute to heartburn Certain foods and lifestyle factors contribute to heartburn
Insect Body Plan: Grasshopper Insect Body Plan: Grasshopper
Video: Cleavage and Implantation Animation

For a complete list of videos, visit our video library