An Extra Benefit of a Defined-Contribution Retirement Plan Is That

question 151

Multiple Choice

An extra benefit of a defined-contribution retirement plan is that most employers offer full or partial ____ to employees accounts.

• A)tax breaks
• B)earned income credit
• C)matching contributions
• D)pretax income

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Definitions:

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the parties involved to be enforceable.

Partial Performance

The act of completing a portion of the obligations outlined in a contract, often considered in legal disputes about contract enforcement.

Respondeat Superior

A rule of law which makes an employer or principal accountable for an employee's or agent's wrongful actions, provided those actions were performed during the course of their employment or agency.

Delegatee

A person or party to whom duties or powers are delegated by another, often in a legal or organizational context.