Jenny (35 Years Old) Is Considering Making a One-Time Contribution

question 50

Multiple Choice

Jenny (35 years old) is considering making a one-time contribution to either a traditional 401(k) plan or to a Roth 401(k) plan. She plans to withdraw the account balance when she retires in 40 years. Jenny expects to earn a 7% before-tax rate of return no matter which plan she contributes to. Which of the following statements is true?

• A) If Jenny's marginal tax rate in the year of contribution is higher than her marginal tax rate in the year of distribution, she will earn a higher after-tax rate of return on the traditional 401(k) plan than on the Roth 401(k) plan.
• B) If Jenny's marginal tax rate in the year of contribution is lower than her marginal tax rate in the year of distribution, she will earn a higher after-tax rate of return on the traditional 401(k) plan than on the Roth 401(k) plan.
• C) Jenny will earn the same after-tax rate of return no matter which plan she contributes to.
• D) Jenny is not allowed to make a one-time contribution to either plan.

Determine the appropriate health care facilities for various patient needs and conditions.

Explain the roles and responsibilities of federal and provincial governments in the Canadian health care system.

Understand the historical milestones and key figures in Canadian nursing.

Recognize the legislative and educational advancements in Canadian nursing.

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Definitions:

Healthy Lifestyles

Consist of practices and behaviors that promote physical, mental, and social well-being, such as regular exercise, balanced diet, and stress management.

Carcinogenic Cotton Dust

Cotton dust containing substances known to cause cancer, posing a health risk to workers in industries where cotton is processed.

Recordkeeping Requirement

Regulations or guidelines stipulating the type, format, and duration records must be maintained by organizations.

Low Morale

A state where employees feel unmotivated and unsatisfied with their work, potentially leading to decreased productivity.