Which of the Following Statements Is Incorrect

question 11

Multiple Choice

Which of the following statements is incorrect?

• A)An annuity is a series of payments pursuant to a contract.
• B)A payment to a beneficiary from a pension plan is called a distribution.
• C)Contributions to a pension plan can only be made by the beneficiary.
• D)With a qualified pension plan,earnings on plan assets are not taxed in the year earned.

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Definitions:

Sclerenchyma Cells

Thick-walled, lignified plant cells that provide structural support and are found in regions of secondary growth.

Sensors

Devices or instruments that detect and respond to some type of input from the physical environment, such as light, heat, motion, moisture, pressure, or any one of a great number of other environmental phenomena.

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for physical activity and is often referred to as the "fight or flight" system.

Central

Central refers to something that is of primary importance or located at the middle or core of something.