Which of the Following Are Potential Benefits of a 401(k)

question 42

Multiple Choice

Which of the following are potential benefits of a 401(k) or 403(b) plan? I. You can make yourself low-interest loans.
II. You can save for retirement.
III. Your contributions to the plan are tax-free.
IV. Your contributions to the plan are tax-deferred.

• A) I, II, III and IV
• B) I, II, and III only
• C) I, II and IV only
• D) I and II only

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Definitions:

Industrial Union

A labor union organizing method where all workers in the same industry, regardless of job function, are organized into a single union.

Apprenticeships

Structured training programs that combine on-the-job training with classroom instruction for a particular occupation.

Industrial Union

A labor union that represents all types of workers in a particular industry, regardless of their specific roles or skills.