Which of the Following Statements Is Incorrect

question 81

Multiple Choice

Which of the following statements is incorrect?

• A)Tax-deferred plans can be created for purposes other than retirement.
• B)Retirement plans are always funded with contributions that have not been taxed,so the withdrawals are taxed.
• C)A SIMPLE plan is an employer-sponsored retirement plan.
• D)A payment to a beneficiary from a pension plan is called a distribution.

---

Definitions:

Patient Customer

Individuals who require and receive services or care in a healthcare setting, emphasizing the need for patience in service delivery.

Waiting Line

A waiting line, or queue, is a sequence of people or items awaiting service or processing in various settings, such as in banks, shops, or production systems.

Discrete Probability

The mathematical study of probability where the outcome is determined from a set of distinct, separate values.

Queuing Theory

A body of knowledge about waiting lines.