Multiple Choice
The primary purpose of a 401(k) plan is to:
A) save for retirement on a tax-deferred basis
B) save for retirement on a tax-free basis
C) save for retirement and have your employer match your contributions, all on a tax-free basis
D) have a forced savings plan for emergencies
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: From an employee's perspective, tax deferral is
Q2: A cash balance pension plan guarantees the
Q3: In the year 2012, what is the
Q4: Carlos and Mary are married, and covered
Q6: Which of the following statements about IRAs
Q7: The monthly fee that HMOs charge employers
Q8: The face amount of group term life
Q9: Which of the following is <u>not </u>a
Q10: The Family and Medical Leave Act:<br>A) applies
Q11: Suppose you have a 401(k) plan, and