When Employees Contribute to a Roth 401(k) Account, They ________

question 53

Multiple Choice

When employees contribute to a Roth 401(k) account, they ________ allowed to deduct the contributions and they ________ taxed on distributions from the plan.

• A) are; are not
• B) are; are
• C) are not; are
• D) are not; are not

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Definitions:

Online Businesses

Online Businesses operate on the internet, selling goods or services directly to consumers through digital platforms without a physical storefront.

Full Disclosure

Obligation to provide all relevant information and facts to the other party, particularly in financial transactions or legal agreements.

Unilateral Mistake

A misinterpretation or error made by one party in a contract, which does not usually affect the enforceability of the contract.

Ethical Rule

Guidelines or principles designed to govern behaviors within specific professional fields or societal norms.