Which of the Following Statements Concerning Individual 401(k)s Is False

question 126

Multiple Choice

Which of the following statements concerning individual 401(k) s is false?

• A)In general, individual 401(k)s have higher administrative costs than SEP IRAs .
• B)Employees of the taxpayer cannot participate in individual 401(k)s.
• C)Individual 401(k)s are available only to self-employed taxpayers with 100 or fewer employees.
• D)Individual 401(k)s have contribution limitations.

---

Definitions:

Classical Conditioning

A learning process that involves pairing a previously neutral stimulus with an unconditioned stimulus to elicit a conditioned response.

Phobias

An intense, irrational fear of specific objects, situations, or activities that poses little to no actual danger.

Exposure Therapy

A psychological treatment method that involves confronting feared or traumatic memories, objects, or situations directly to reduce their associated anxiety.

Obsessive-Compulsive Disorder

A psychiatric condition marked by persistent, intrusive thoughts (obsessions) and repetitive actions (compulsions).