A Primary Benefit of 401(k)plans Is That Payments Made by Employees

question 34

True/False

A primary benefit of 401(k)plans is that payments made by employees into the plan are pretax so the employee pays no tax on those dollars until after he or she retires or removes the money from the 401 (k)plan.

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Definitions:

Stressful Stimuli

Events or situations that cause stress, challenging an individual's ability to cope.

Anxiety-provoking

Describes situations, stimuli, or conditions that induce a state of heightened nervousness or worry.

Midterm Exam

A test given approximately halfway through an academic term to assess students' understanding of the material covered so far.

Problem-focused

An approach or coping strategy aimed at addressing and managing the root causes of stress or problems directly.