When Employees Contribute to a Roth 401(k) Account, They ________

question 35

Multiple Choice

When employees contribute to a Roth 401(k) account, they ________ allowed to deduct the contributions and they ________ taxed on distributions from the plan.

• A) are; are not
• B) are; are
• C) are not; are
• D) are not; are not

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Definitions:

Assets Turnover

A financial ratio that measures the efficiency with which a company uses its assets to generate sales.

Sales

The activities involved in selling products or services to customers, encompassing strategies and processes for identifying customer needs, closing deals, and after-sales support.

Inventories

Quantities of goods or materials on hand or in process of manufacture, storage, or transport.

Asset Turnover

Asset turnover is a financial ratio that measures the efficiency of a company's use of its assets in generating sales revenue.