Any Pre-Tax Amount Elected by an Employee as a Contribution

question 77

True/False

Any pre-tax amount elected by an employee as a contribution to a § 401(k) plan that does not exceed the statutory limit is not includible in gross income in the year of deferral and is 100% vested.

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Definitions:

Sexually Transmitted Infection

Infections that are primarily spread through sexual contact, including viruses, bacteria, and parasites.

Brothel

A place of business where people engage in sexual activity with sex workers in exchange for monetary compensation.

Condom

A barrier device commonly used during sexual intercourse to reduce the risk of pregnancy and spreading sexually transmitted infections.

Sex Therapist

is a professional specialized in diagnosing and treating sexual disorders and difficulties through counseling and therapy.