Under a Qualified Pension Plan

question 78

Multiple Choice

Under a qualified pension plan
I.The yearly earnings on the pension plan assets are taxable income to the employee.
II.An employer's contribution is not 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.

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Definitions:

American Television

A medium of broadcast in the United States known for its wide variety of content ranging from news, entertainment, sports, and educational programs.

Ratings Board

An organization responsible for evaluating and assigning age and content ratings to films, games, or other media to inform consumer choices.

U.S. Congress

The bicameral legislature of the federal government of the United States, consisting of two houses: the Senate and the House of Representatives.

Mass-Media Depictions

The portrayal or representation of individuals, concepts, and issues in various forms of mainstream media.