Which of the Following Is NOT One of the Four

question 36

Multiple Choice

Which of the following is NOT one of the four major tax incentives for retirement savings?

• A) defined contribution pension plan
• B) precautionary saving
• C) simplified employee pension plan
• D) 401(k)account

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Definitions:

Members Requirement

Regulations or conditions that must be met for an individual to become or remain a member of a group or organization.

Non-Member Manager

A manager in a limited liability company (LLC) who is not an owner or member of the LLC.

Personal Liability

the legal responsibility of an individual to settle debts or fulfill obligations from their own assets.

Fraud

An intentional deception made for personal gain or to damage another individual.