Which of the Following Statements Is Incorrect

question 40

Multiple Choice

Which of the following statements is incorrect?

• A)A SIMPLE plan is an employer-sponsored retirement plan.
• B)A payment to a beneficiary from a pension plan is called a distribution.
• C)Tax-deferred plans can be created for purposes other than retirement.
• D)Retirement plans are always funded with contributions that have not been taxed,so the withdrawals are taxed.

---

Definitions:

Family Function

Refers to the various roles that family members play, their relationships to each other, and how they work together to fulfill emotional, economic, and social needs.

Family Functions

The roles families perform to meet the physical, emotional, and social needs of their members, such as nurturing, protection, and socialization.

Resilient

The ability to quickly recover from difficulties or spring back into shape; emotional strength in facing stress or hardship.

Migration

The movement of people from one place to another with intentions of settling, permanently or temporarily, at a new location.