What Classification of Expense Is It If You Contribute to a 401K

question 17

Multiple Choice

What classification of expense is it if you contribute to a 401K or 403B account provided by your work?

• A)Home Expenses
• B)Personal Expenses
• C)Savings
• D)Discretionary Spending

Appreciate the significance and potential of electronic discovery in revealing case facts.

Grasp the strategic uses of depositions and the concept of impeachment at trial.

Understand the benefits of waiving formal service of process in some jurisdictions.

Recognize the role of the jury in determining facts in a case.

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Definitions:

Necessary

Something essential or required for a particular purpose or outcome, often in the context of achieving goals or fulfilling conditions.

Proper Clause

The clause in the U.S. Constitution granting Congress the power to make all laws which shall be necessary and proper for carrying into execution its powers.

Elastic Clause

The provision in the U.S. Constitution that grants Congress the power to pass all laws necessary and proper for carrying out its enumerated powers, also known as the Necessary and Proper Clause.

Full Faith

A principle requiring states to respect and enforce the public acts, records, and judicial rulings of other states, derived from the U.S. Constitution.