The Employee's Contribution to a Nonqualified Pension Plan Cannot Be

question 75

True/False

The employee's contribution to a nonqualified pension plan cannot be deferred, and the employer is not allowed a tax deduction for the contribution even though the employee includes the contribution in their income.

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Definitions:

Work Motivation

The set of psychological forces that compel an individual to engage in work tasks and career activities.

Social Influence

The effect that words, actions, or mere presence of other people have on our thoughts, feelings, attitudes, or behavior.

Leadership

The ability to guide, influence, or direct a group towards the achievement of goals.

Internal Locus Of Control

The belief that one's actions and efforts directly influence the outcomes and events in their life.