Which of the Following Statements Regarding Contributions to Defined Contribution

question 92

Multiple Choice

Which of the following statements regarding contributions to defined contribution plans is true?

• A)Employer contributions to a defined contribution plan are not limited by the tax law.
• B)Employee contributions to a defined contribution plan are not limited by the tax law.
• C)An employee who is at least 60 years of age as of the end of the year may contribute more to a defined contribution plan than an employee who has not reached age 60 by year end.
• D)The tax laws limit the sum of the employer and employee contributions to a defined contribution plan.The sum of employer and employee contributions is limited by the tax law.The limit is indexed for inflation.

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Definitions:

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