Under a Nonqualified Pension Plan

question 8

Multiple Choice

Under a nonqualified pension plan
I.The yearly earnings on the pension plan assets are taxable income to the employee.
II.An employer's contribution is taxable income to the employee at the time of the contribution.
​

• A)Only I is correct.
• B)Only II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

---

Definitions:

Unintended Negative Consequences

Outcomes that are not foreseen or intended and have a harmful or undesirable effect on individuals or communities.

Qualitative Research Methods

Research strategies that collect non-numerical data, such as interviews or observations, to understand concepts, thoughts, or experiences.

Excessive Drinking

Consumption of alcohol in amounts that are harmful to an individual's health or well-being.

Budgetary Limitations

Financial constraints that limit the amount of resources available for a project, program, or expenditure.