Which of the Following Statements Regarding Contributions to Defined Contribution

question 43

Multiple Choice

Which of the following statements regarding contributions to defined contribution plans is true?

• A)Employer contributions to a defined contribution plan are not limited by the tax law.
• B)Employee contributions to a defined contribution plan are not limited by the tax law.
• C)An employee who is at least 60 years of age as of the end of the year may contribute more to a defined contribution plan than an employee who has not reached age 60 by year-end.
• D)The tax laws limit the sum of the employer and employee contributions to a defined contribution plan.

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Definitions:

Joints

The locations at which two or more bones connect, facilitating movement and providing support to the skeletal structure.

Kinesthetic

Relating to kinesthesia, which is the sense that detects bodily position, weight, or movement of the muscles, tendons, and joints.

Perception

The cognitive process of interpreting sensory information to represent and understand the environment around us.

Vestibular

Pertaining to the vestibular system in the inner ear, responsible for providing the leading contribution to the sense of balance and spatial orientation for the purpose of coordinating movement.