Which of the Following Statements Is Incorrect

question 48

Multiple Choice

Which of the following statements is incorrect?

• A)With a qualified pension plan,earnings on plan assets are not taxed in the year earned.
• B)An annuity is a series of payments pursuant to a contract.
• C)Contributions to a pension plan can only be made by the beneficiary.
• D)A payment to a beneficiary from a pension plan is called a distribution.

---

Definitions:

Personality Traits

Enduring characteristics that describe an individual's behavior, such as openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Grasping Reflex

An involuntary movement seen in infants, where they will tightly hold objects placed in their hands.

Avoidantly Attached

Describes an attachment style where individuals tend to maintain emotional distance and independence in relationships.

Infants

Young children from birth to one year of age, a critical period for developmental milestones.