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 steps involved in the decision-making process, including problem identification and alternative generation.

Understand how intuition and creativity are involved in resolving uncertainty in leadership and decision-making.

Understand the concept of information and reputation crises within organizations.

Identify strategies for improving decision-making and satisficing in organizational processes.

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Definitions:

NAFTA

The North American Free Trade Agreement, a treaty between Canada, Mexico, and the United States that removed tariffs and facilitated trade between the member countries.

Mexico

A country located in the southern portion of North America, known for its rich cultural history, diverse landscapes, and robust economy.

Tariffs

Taxes imposed by a government on imported goods and services, which can affect trade balances, prices, and economic relationships between countries.

Domestic Price

The price of a good or service within a country's borders, distinct from its international or export price.