The Contribution Limit for a Defined Contribution Plan for 2019

question 9

Multiple Choice

The contribution limit for a defined contribution plan for 2019 is:

• A)$6,000
• B)$19,000
• C)$56,000
• D)$225,000

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Definitions:

Public Good

A good or service offered to every member of a community free of charge, supplied either by the government or a non-profit private entity.

Excludable

A characteristic of a good or service that allows owners or producers to prevent its use by people who have not paid for it.

Nonpayers

Individuals who benefit from a good or service without contributing to its cost, often associated with public goods.

Nonrival in Consumption

A characteristic of some goods or services where one person's consumption does not reduce availability for others.