Which of the Following Statements Is True About Retirement Plans

question 141

Multiple Choice

Which of the following statements is true about retirement plans?

• A) Only employers are able to contribute to 401(k) plans.
• B) You must pay taxes on Roth IRA contributions.
• C) All employers match some or all of an employee's contributions to a 401(k) plan.
• D) Contributions to traditional IRAs are not tax-deductible.
• E) Some nonprofit and government agencies offer 401(k) plans.

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Definitions:

UPC Bar Code

Universal Product Code; a barcode symbology used for tracking trade items in stores primarily in the United States.

Consumer Protection Act

A set of laws designed to protect the rights and interests of consumers by regulating fair trade, competition, and accurate information in the marketplace.

Collection Agencies

Companies that pursue the collection of debts on behalf of creditors.

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Having officially received permission from the relevant authorities to perform, conduct, or carry out a particular activity or service.