Rajiv Works for a Major Private Employer

question 51

Multiple Choice

Rajiv works for a major private employer.Each year, he contributed a substantial amount to a retirement benefit plan.The employer matches these pre-tax dollars up to 6% of his income.What kind of retirement program does Rajiv have?

• A)Defined benefit plan
• B)Profit-sharing plan
• C)Money purchase pension plan
• D)401(k)
• E)403(b)

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Definitions:

Negotiating Contracts

The process of discussing and arriving at mutual agreements in the terms and conditions of a contract between two or more parties.

Teamwork

Collaborative efforts of a group to achieve common goals and objectives more effectively and efficiently than individual members working independently.

Assembly Tasks

Activities involved in putting together parts or components to form a finished product, often performed in a manufacturing setting.

Specialized Division

A separate unit within an organization that focuses on a specific area of expertise or a particular type of product or service.