Under Federal Guidelines, the 2018 Maximum Contribution to a 401(k)

question 72

Multiple Choice

Under federal guidelines, the 2018 maximum contribution to a 401(k) is

• A) $18,500.
• B) 80% of gross income.
• C) $400 per month.
• D) There is no limit.

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Definitions:

Concessional Terms

Loan conditions that are more favorable to the borrower, including lower interest rates or longer repayment periods, typically offered by governments or international institutions.

Economic Development

The process by which the economic well-being and quality of life of a nation, region, or local community are improved according to targeted goals and objectives.

Foreign Aid

Financial or other forms of help given from one country to another for humanitarian or development purposes.

Free Trade

An economic policy that allows imports and exports between countries with minimal governmental restrictions or tariffs.