Lynn Works for a State University

question 35

Multiple Choice

Lynn works for a state university.In addition to her regular pension plan,Lynn established another retirement savings plan.She elected to have $5,000 of her salary withheld and contributed to a tax-sheltered annuity with an insurer.The type of plan that Lynn established is called a

• A)SIMPLE plan.
• B)403(b)plan.
• C)defined benefit plan.
• D)Keogh plan.

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Definitions:

Film-Photography

A method of capturing images by exposing a light-sensitive material coated onto a film base to light or other electromagnetic radiation.

Digital Photography

The process of capturing images using digital technology, including digital cameras and smartphones, to produce photos.

Field Study

An in-depth research method that involves collecting data outside of a laboratory or controlled environment, often emphasizing the observation of real-world interactions or phenomena.

Rate of Inflation

The percentage increase in prices for goods and services over a specific period, typically a year, indicating the purchasing power of currency.