Which of the Following Statements Is Correct

question 84

Multiple Choice

Which of the following statements is correct?

• A)In part,Congress established pension plan rules to encourage individuals to save for retirement.
• B)Retirement plans are generally not tax-free,only tax-deferred.
• C)Individuals or companies usually establish a pension plan with a trustee.
• D)All of the statements are correct.

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Definitions:

Negotiations

The process of discussion aimed at reaching an agreement or compromise between two or more parties.

Offeree's Silence

A legal concept where the silence of the party to whom an offer is made does not generally constitute acceptance of the offer.

Acceptance

The act of agreeing to the terms of an offer, thus completing the process of making a contract binding.

Negotiations

The process of discussing terms andconditions in order to reach a mutual agreement or compromise.