Which of the Following Statements Concerning Qualified Retirement Plans Is

question 7

Multiple Choice

Which of the following statements concerning qualified retirement plans is false?

• A)Employer contributions to the plan are not included in the employees' gross income.
• B)The plan is tax-exempt so that earnings can accumulate on a before-tax basis.
• C)Employer contributions are deductible in the year of payment.
• D)None of the above is false.

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Definitions:

Cyberloafing

The act of using an employer's Internet and computing resources for personal activities during work hours.

Social Engineering

A manipulation technique that exploits human error to gain private information, access, or valuables, often through deceiving individuals.

White-hat Hacker

An ethical computer security expert who penetrates systems to identify security weaknesses with the intention of fixing them.

Optimum pH

Optimum pH is the specific pH level at which an enzyme or biochemical reaction is most active, facilitating the highest rate of reaction.