Jamie Has Worked for ABC Printing for 5 Years

question 71

Multiple Choice

Jamie has worked for ABC Printing for 5 years.During this period ABC Printing has contributed $25,000 to her non-contributory retirement plan.Assuming ABC uses cliff vesting,the longest period allowed,how much will Jamie be able to roll into an IRA if she left ABC Printing?

• A)$ 0
• B)$ 5,000
• C)$10,000
• D)$20,000
• E)$25,000

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Definitions:

Concurrent Power

Powers in federal systems that are shared by both the state governments and the federal government.

States' Rights

The rights and powers held by individual US states rather than by the federal government, a principle often invoked in debates over federalism and the balance of power.

Civil War

A war between citizens of the same country.

American Federalism

A system of government in which power is divided between a national (federal) government and various state governments.