Pension Funds Do NotI) Accept Contributions from Employers, Which Are

question 68

Multiple Choice

Pension funds do notI) accept contributions from employers, which are tax deductible.II) pay distributions that are taxed as ordinary income.III) pay benefits only from the income component of the fund.IV) accept contributions from employees, which are not tax deductible.

• A) III and IV
• B) II and III
• C) I and II
• D) I, II, and IV
• E) I, II, III, and IV

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Definitions:

Know

To be aware of through observation, inquiry, or information.

Except

Used to indicate a person, thing, or situation that is not included in a statement or category.

Supposed

Accepted as true or as a given premise without definitive evidence, often used to indicate belief or assumption.

Loose

Not firmly or tightly fixed in place; detached or able to be detached.