All of the Following Are Characteristic of 401(k)plans EXCEPT ________

question 18

Multiple Choice

All of the following are characteristic of 401(k) plans EXCEPT ________.

• A)categorized as a defined contribution plan
• B)deduction replaces Social Security tax
• C)pretax salary deductions invested
• D)considered a savings and thrift plan

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Definitions:

Target Zone

In fitness or monetary policy, this term refers to a predefined acceptable range where certain levels, such as heart rate or currency value, are maintained.

Maximum Benefit

The highest level of positive outcome that can be achieved from a particular action or policy.

Hydration Recommendation

Guidelines suggesting the amount of fluid intake to maintain optimum health and physical performance, often based on factors such as body weight, environment, and activity level.

Fluid Ounces

A unit of volume used primarily in the United States to measure liquids, approximately equal to 29.57 milliliters.