A Company That Maintains a SIMPLE-401(k) Has the Option of Funding

question 24

Multiple Choice

A company that maintains a SIMPLE-401(k) has the option of funding the plan by
I.Contributing 2% of an employee's salary up to a maximum of $5,500.
II.Match the employee's contribution up to a maximum of 3 percent of the employee's compensation with a maximum contribution of $12,500.
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• 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:

Universal Emotions

Basic emotions that are experienced by all humans across different cultures and include happiness, sadness, anger, fear, surprise, and disgust.

Cross-Cultural Research

The study of similarities and differences in behavior, traditions, values, and social norms across different cultures.

Ekman's Idea

Refers to psychologist Paul Ekman's theory that there are six basic emotions - happiness, sadness, fear, disgust, anger, and surprise - which are universal across human cultures.

Core Affect

A fundamental psychological state underlying mood and emotions, representing the most basic feelings of pleasure or displeasure and arousal or sleepiness.