Employers Often Match Part of the Contribution of Their Employees

question 67

True/False

Employers often match part of the contribution of their employees into a 401(k) retirement plan.

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Definitions:

Independent Contractors

Individuals or entities that perform work for another entity under terms specified in a contract, with a significant degree of independence in the way they operate, not considered employees.

Employees

Individuals who work for another person or an organization in return for financial or other compensation.

Employment-At-Will Doctrine

A legal principle stating an employer can terminate an employee at any time without reason, as long as the dismissal does not violate specific legal protections.

Legal Liability

The state of being legally responsible for something, particularly in terms of owing damages for a wrongful act or breach of duty.