Which of the Following Statements Regarding Contributions to Defined Contribution

question 40

Multiple Choice

Which of the following statements regarding contributions to defined contribution plans is true?

• A) An employee who is at least 60 years of age as of the end of the year may contribute more to a defined contribution plan than an employee who has not reached age 60 by year-end.
• B) Employee contributions to a defined contribution plan are not limited by the tax law.
• C) Employer contributions to a defined contribution plan are not limited by the tax law.
• D) The tax laws limit the sum of the employer and employee contributions to a defined contribution plan.

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Definitions:

Dark Adaptation

The method in which the eyes increase their sensitivity to dim light following time spent in the dark.

Visual Acuity

Pertains to the clarity of sight, determined by the capacity to distinguish letters or digits at a specific distance based on a standardized vision chart.

Visual Agnosia

A disorder characterized by the inability to recognize and identify objects or faces, despite having normal vision.

Frontal Lobe

The region of the brain situated in the frontal area of each cerebral hemisphere, which regulates voluntary movements, expressive language, and oversees advanced executive functions.