Which of the Following Statements Regarding Roth 401(k) Accounts Is

question 25

Multiple Choice

Which of the following statements regarding Roth 401(k) accounts is false?

• A)Employees can make contributions to a Roth 401(k) .
• B)Employers can make contributions to Roth accounts on behalf of their employees.
• C)Contributions to Roth 401(k) plans are not deductible.
• D)Qualified distributions from Roth 401(k) plans are not taxable.An employer is not allowed to contribute to an employee's Roth 401(k) account.

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Definitions:

Hostile Takeover

An acquisition attempt by one company of another that is resisted by the target company's management and board of directors.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with the care of money or property.

Voidable Contract

A contract that may be legally voided at the option of one of the parties due to reasons like fraud, duress, or misrepresentation.

Disinterested Directors

Board members who do not have a personal financial interest in a corporate decision, ensuring unbiased governance.