Under a Defined Benefit Plan,the Annual Benefit Payable to an Employee

question 54

True/False

Under a defined benefit plan,the annual benefit payable to an employee is limited to the smaller of $210,000 (in 2016)or 100% of the employee's average compensation for the highest 3 years of employment.

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Monozygotic

Referring to twins who originated from a single fertilized egg and are genetically identical.

DNA

Deoxyribonucleic acid, a self-replicating material present in nearly all living organisms as the main constituent of chromosomes, carrier of genetic information.

Evolutionary Advantage

A trait or characteristic that increases an organism's likelihood of survival and reproduction in its environment.