Match Each Statement with the Correct Term Below

question 2

Multiple Choice

Match each statement with the correct term below.
-Qualified pension plan

• A)An employee may exclude up to $5,000 annually of these employer-provided services.
• B)If cash is received under this program, taxpayers are taxed on the amount of cash received.
• C)A salary reduction plan that allows employees to pay for medical and child care costs with before-tax dollars.
• D)A transfer of property without any profit motivation with an intention that includes affection, charity, and respect.
• E)Payments made into an employee's account are not taxable in the current period; taxation is deferred until funds are withdrawn.
• F)Employer provided benefit that may be excluded from income because the dollar amounts are too small for a reasonable accounting.

---

Definitions:

pH

A scale used to specify the acidity or basicity of an aqueous solution, with lower values being more acidic and higher values more basic.

Protein Digestion

The process of breaking down proteins into their constituent amino acids or peptides, primarily in the stomach and small intestine.

Pepsin

An enzyme in the stomach that breaks down proteins into peptides, initiating the digestion process.

Thymus

A small organ located in the upper chest, essential for the development of the body's immune system, particularly during early life.