Which of the Following Is False About a 401(k)plan

question 15

Multiple Choice

Which of the following is false about a 401(k) plan?

• A) Withdrawals before age 59 1/2 result in a 10% tax penalty.
• B) Less than 50% of all employers offering these plans match a portion of employee's contributions.
• C) Your contributions are limited to a set dollar amount each year.
• D) The money you contribute is deducted from your pay before taxes are assessed.

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Definitions:

Individual Differences

Variations or distinctiveness among individuals in regard to psychological traits, behaviors, and physical attributes.

Intelligence

The capacity to acquire knowledge, comprehend, and form judgments or opinions guided by logical thinking.

Personalities

The unique and relatively stable patterns of thought, emotion, and behavior that define an individual's character.

Life Span

Refers to the maximum duration of life of a species or individual, considering factors that influence longevity.