Which of the Following Statements Is True Regarding Employer-Provided Qualified

question 9

Multiple Choice

Which of the following statements is true regarding employer-provided qualified retirement plans?

• A)May discriminate against rank and file employees.
• B)Deductible contributions are generally phased-out based on AGI.
• C)Executives are generally ineligible to participate in these plans.
• D)They are generally referred to as defined benefit plans or defined contribution plans.See discussion in text.

---

Definitions:

General Equilibrium

A condition in an economy where all markets are in equilibrium simultaneously, and there are no external forces causing shifts in supply and demand.

Equilibria

The condition in which all competing influences are balanced in a wide variety of contexts, including economics where supply equals demand.

Markets

Systems, institutions, or environments where buyers and sellers interact to exchange goods, services, or information.

Technological Change

Adjustments or improvements in the method of production, invention, and innovation in processes that often lead to increased productivity.