Which of the Following Is True About 401(k) Retirement Plans

question 36

Multiple Choice

Which of the following is true about 401(k) retirement plans?

• A) 401(k) plans always reduce income tax liability.
• B) 401(k) plans are usually subject to FICA taxes.
• C) 401(k) plans are exempt from all payroll taxes.
• D) All 401(k) plans are cafeteria plans.

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Definitions:

Dopamine

A neurotransmitter involved in reward, motivation, and motor control within the brain.

Norepinephrine

A neurotransmitter and hormone involved in arousal and alertness, as well as in the stress response.

Serotonin

A neurotransmitter that contributes to feelings of well-being and happiness, playing a key role in regulating mood, appetite, and sleep.

Neurotransmitters

Chemicals found within the nervous system that transmit signals from one nerve cell to another, influencing mental and physical processes.