Both Employers and Employees May Contribute to Defined Contribution Plans

question 51

True/False

Both employers and employees may contribute to defined contribution plans. However, the amount that employees may contribute to the plan in a given year is limited by the tax law while the amount that employers may contribute is not.

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Definitions:

Language Development

The process by which individuals acquire the capacity to perceive, produce, and use words to understand and communicate.

One-word Stage

A developmental stage in early childhood where children primarily use single words to communicate needs, desires, or observations.

Universal Grammar

A theory in linguistics proposing that the ability to acquire language is innate to humans and that all languages share a common underlying structure.

Diverse Human Languages

The wide variety of languages that exist among humans, each with its unique structure, vocabulary, and grammar.