Which of the Following Statements Is Not Correct

question 80

Multiple Choice

Which of the following statements is not correct?

• A)The U.S.income tax code influences pension fund contributions.
• B)The U.S.income tax code creates incentives for firms to overfund their pension plans.
• C)The earnings from pension fund investments are taxable to the pension plan sponsor.
• D)Firms with larger union memberships tend to have higher pension funding ratios.

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Definitions:

National Parks

Protected areas established by national governments aimed at conserving natural beauty, biodiversity, and cultural heritage while providing recreational opportunities.

Taxation Principle

Taxation principles are the guidelines that govern how taxes are structured and applied, including concepts of fairness, efficiency, and simplicity.

U.S. Governments

pertains to the federal, state, and local governmental structures within the United States, each with its own set of responsibilities and powers as defined by the Constitution.

Workers

Individuals engaged in a task or job to earn wages or salary, often as part of the labor force of an economy.