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.

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Definitions:

Spontaneous Action Potentials

Electrical impulses that occur naturally and are generated by certain cells, such as neurons and muscle cells, without external stimulation.

SA Node

The sinoatrial node is a collection of cells located in the heart's right atrium, responsible for determining the heart's rhythm by creating electrical signals.

AV Node

The atrioventricular node, a part of the electrical conduction system of the heart that coordinates the top of the heart. It plays a crucial role in the control of the heart rate.

Purkinje Fibers

Purkinje fibers are specialized cardiac muscle fibers that conduct electrical impulses in the heart, contributing to the regulation of heartbeats.