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:

Fiscal Policy

Refers to government actions regarding taxation and spending aimed at influencing a country's economy.

Monetary Growth Rate

The rate at which the amount of money in circulation increases over a specific period.

Money Supply

The lump sum of monetary assets available in an economy at a particular point.

Real Wages

The purchasing power of wages or income, considering the effects of inflation on buying capacity.