Jenny Must Contribute at Least 5% of Her Annual Salary

question 109

Multiple Choice

Jenny must contribute at least 5% of her annual salary to her pension plan, and her employer contributes a set amount as well. She is given choices regarding how the money is invested. When she retires, the amount she has available will depend on how much she invested herself, and the rate of return on the investments she chose. This pension plan is most likely classified as ________.

• A)qualified, defined benefit
• B)non-contributory, defined benefit
• C)contributory, defined contribution
• D)contributory, non-qualified

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Definitions:

Temporal Lobe

is a region of the brain that plays a key role in processing auditory information and is involved in the formation of memories.

Cones

Photoreceptor cells in the retina that are responsible for color vision and functioning in well-lit conditions.

Rods

Photoreceptor cells in the retina of the eye that are responsible for vision at low light levels.

Night Vision

The ability to see in low light conditions, either naturally through biological adaptations or through the use of technological aids.