There Is No Limit to the Amount an Employee Can

question 92

True/False

There is no limit to the amount an employee can contribute pre-tax into a 401(k)plan each year.

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Definitions:

Labor Forces

The total number of people aged 16 and over who are either working or actively looking for work.

Wages

Payments made to workers for their labor, typically calculated on an hourly, daily, or piecework basis.

Comparative Advantage

The ability of a country or company to produce a particular good or service at a lower opportunity cost than its competitors.

Producing

The process of creating goods or services through the combination of labor, materials, and technology.