Which of the Following Is Not One of the Four

question 120

Multiple Choice

Which of the following is not one of the four most common pension plans?

• A) Individual retirement accounts
• B) 401(k)plans
• C) Keogh plans
• D) Deferred employee pension plans

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Definitions:

Pension Obligations

These are liabilities companies face for the pension benefits they have promised to pay their employees in the future.

Tax Law

Legislation and regulations governing how taxes are assessed, collected, and managed by governmental authorities.

Deductibility

The eligibility of an expense to be subtracted from gross income to reduce taxable income.

Pension Plans

Financial arrangements designed to provide individuals with an income during retirement, funded by either the employer, the employee, or both.