Both Employers and Employees May Contribute to Defined Contribution Plans

question 51

True/False

Both employers and employees may contribute to defined contribution plans. However, the amount that employees may contribute to the plan in a given year is limited by the tax law while the amount that employers may contribute is not.

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Definitions:

Stratification

The arrangement or classification of something into different layers or categories.

Vocational Identity

A sense of personal identification with a certain profession or occupational choice.

Cross-Sectional Research

A research design that compares people who differ in age but not in other important characteristics.