Which of the Following Is an Employee-Contribution Retirement Plan

question 130

Multiple Choice

Which of the following is an employee-contribution retirement plan?

• A) A Roth individual retirement account
• B) A 401(k) plan
• C) A traditional individual retirement account
• D) A stock bonus plan

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Definitions:

Perform

To carry out, execute, or do an action or activity.

Competent

Having the necessary ability, knowledge, or skill to perform a task effectively or to make legally binding decisions.

Adequate Market

An economic concept where there is a sufficient number of buyers and sellers for a particular product or service.

Common Law

A legal system based on precedent and judicial decisions, rather than written laws or statutes, primarily in the UK and former British colonies.