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The IRS States That 401k Plans Cannot Favor Highly Compensated

question 114

True/False

The IRS states that 401k plans cannot favor highly compensated employees over lower paid workers.


Definitions:

Wages Of Lawyers

This refers to the compensation or payment received by lawyers for their legal services, often influenced by factors such as experience, location, and the nature of legal work.

Legal Education

The field of study or training that prepares individuals to practice law, including undergraduate, graduate, and professional education.

Demand For Computer Scientists

The need or desire for professionals skilled in computer science, driven by technological advancements and innovation.

Computer Scientists

Specialists in the study of computational systems and algorithms, often involved in software development and problem-solving.

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