Which of the Following Statements Concerning Individual 401(k)s Is False

question 126

Multiple Choice

Which of the following statements concerning individual 401(k) s is false?

• A)In general, individual 401(k)s have higher administrative costs than SEP IRAs .
• B)Employees of the taxpayer cannot participate in individual 401(k)s.
• C)Individual 401(k)s are available only to self-employed taxpayers with 100 or fewer employees.
• D)Individual 401(k)s have contribution limitations.

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Definitions:

Partial Correlation

A measure of the degree of association between two variables while holding one or more other variables constant.

Third Variable

An unmeasured variable that may influence or confound the relationship between the two variables of interest in a study.

Spearman Rank

An assessment of rank correlation that doesn't rely on parametric assumptions, used to evaluate how effectively a monotonic function can represent the association between two variables.

Ordinal-Level

Refers to a level of measurement where data can be ordered or ranked, but the distances between ranks are not necessarily equal.