Frieda Works at Zurisco Corp

question 98

Multiple Choice

Frieda works at Zurisco Corp., a private company. She is eligible for the employee-contribution retirement plan. This plan is implemented through a payroll-deduction process. In this case, which of the following plans is offered to Frieda?

• A) 403(b)
• B) 457 plan
• C) HR10 plan
• D) 401(k) plan

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Definitions:

Journal

A record where transactions are entered in chronological order before they are posted to ledgers.

Liability

Represents financial obligations or debts that a company or individual owes to others, payable in the future.

Balance Per Books

The ending balance on a company's financial records for an account before any adjustments or reconciliations.

Service Charges

Fees assessed for services provided, often by financial institutions or utilities.