Which of the Following Statements Concerning Individual 401(k)s Is False

question 126

Multiple Choice

Which of the following statements concerning individual 401(k) s is false?

• A)In general, individual 401(k)s have higher administrative costs than SEP IRAs .
• B)Employees of the taxpayer cannot participate in individual 401(k)s.
• C)Individual 401(k)s are available only to self-employed taxpayers with 100 or fewer employees.
• D)Individual 401(k)s have contribution limitations.

---

Definitions:

Spermarche

The onset of the ability to ejaculate sperm in boys, marking a significant milestone in male puberty.

Secondary Sex Characteristics

Secondary sex characteristics are physical traits that emerge during puberty but are not directly involved in reproduction, such as breast development in females and facial hair in males.

Gender Identity

An individual's personal sense of their gender, which may or may not correspond to the sex assigned at birth.

Androgyny

The blending or presence of both masculine and feminine characteristics in an individual's personality, behavior, or physical appearance.