Which Statement Is NOT True

question 46

Multiple Choice

Which statement is NOT true?

• A) Contributions to 401(k) programs are tax deferred.
• B) Withdrawals from 401(k) programs made after the minimum age for withdrawals are tax-exempt.
• C) Withdrawals from 401(k) programs made before the minimum age for withdrawals are (with few exceptions) subject to a 10% early withdrawal penalty.
• D) 401(k) programs are offered by most private and public companies.

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Definitions:

Midterm Grade

An assessment of a student's academic performance in the middle of an academic term or semester.

Horizontal Axis

In graphical representations, the x-axis, which typically illustrates the independent variable or time scale.

Indifference Curves

Graphical representations used in microeconomics to show different bundles of goods between which a consumer is indifferent, that is, which provide the same level of utility to the consumer.

Consumption Bundle

A mix of various goods and services selected by consumers based on their preferences and budget limitations.