Merrill Is a Participant in a SIMPLE § 401(k) Plan

question 20

Multiple Choice

Merrill is a participant in a SIMPLE § 401(k) plan, and he elects to contribute 4% of his $40,000 compensation to the account, while his employer contributes 3%. What amount will vest immediately, if any?

• A) $0
• B) $1,200
• C) $1,600
• D) $2,800
• E) None of above

Recognize the significance of observable behavior in psychological research and theory.

Understand the concept of correlation in psychology research and the difference between positive and negative correlations.

Appreciate the psychological perspective that sees humans as inherently good and capable of personal growth (humanism).

Recognize the use of reinforcement in understanding behavior and the applications of psychology in explaining, predicting, describing, and controlling behavior.

---

Definitions:

Relational Self-schema

An organized set of beliefs and feelings about oneself in relation to others, influencing interpersonal interactions.

Significant Other

A person of great importance in one's life and deeply influential, often in the context of a close, interpersonal relationship.

Parents

The caregivers of a child who are responsible for their upbringing, including biological, adoptive, or custodial guardians.

Declarative

Pertaining to statements or expressions that provide information or assert something as true.