If an Employee Defers Compensation into a 401(k) Plan, the Deferral

question 55

True/False

If an employee defers compensation into a 401(k) plan, the deferral (payroll deduction) is still subject to social security taxes.

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Definitions:

Latinos

Individuals in the United States with cultural, historical, or ancestral ties to Latin America, including people of Central and South American, Mexican, and Caribbean heritage.

Strategic Arms Control

Agreements between countries, particularly during the Cold War, aimed at regulating and limiting the deployment and development of strategic offensive and defensive weapons systems.

Strategic Defense Initiative

A proposed missile defense system announced by President Ronald Reagan in 1983, intended to protect the United States from attack by ballistic strategic nuclear weapons.

Soviet Officials

Members of the administrative, executive, or legislative branches of the government in the former Soviet Union.