Author Question: Which of the following is associated with Roth 401(k) plans? A) Employees pay taxes on their ... (Read 123 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?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

For a complete list of videos, visit our video library