A Participant, Who Is Age 38, in a Cash or Deferred

question 84

Multiple Choice

A participant, who is age 38, in a cash or deferred arrangement plan [§ 401(k) ] may contribute up to what amount in 2018?

• A) $12,000
• B) $17,000
• C) $17,500
• D) $18,500
• E) None of the above

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Definitions:

Adult Levels

Stages or standards of physical, emotional, or intellectual development typically associated with adult maturity.

Months

Units of time in calendars that approximate the period of the lunar cycle, usually used as a measurement of the duration of events or periods of life.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, where an association is made between a behavior and a consequence for that behavior.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, leading to a learned response.