Multiple Choice
The main difference between a defined-benefit plan and defined-contribution plan is
A) a defined-contribution plan pays more at retirement.
B) defined-benefit plan payments are not taxable.
C) defined-contribution plan payments are not taxable.
D) the company is the only contributor to a defined-benefit plan while you and the company may both contribute to a defined-contribution plan.
Correct Answer:
Verified
Correct Answer:
Verified
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