Which of the following statements about Section 401(k) plans is true?
A) Elective salary deferrals to these plans are free of federal income taxation until the funds are actually withdrawn.
B) These plans are exempt from rules that prevent discrimination in favor of highly compensated employees.
C) There is no limit on the actual percentage of salary that can be deferred by highly compensated employees under a qualified plan.
D) If an employee takes the funds made available to him or her in cash, the money received is not taxable.
Answer: A
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XYZ Company expects to sell 37,000 units of its product in the coming year. Each unit sells for $45 . Sales brochures and supplies for the year are expected to cost $7,000 . Three sales representatives cover the Southeast region. Each one's base salary is $25,000, and each earns a sales commission of 5 percent of the selling price of the units he or she sells. The sales representatives supply
their own transportation; they are reimbursed for travel at a rate of $0.40 per mile. The company estimates that the sales representatives will drive a total of 75,000 miles next year. From the information provided, calculate XYZ Company's budgeted selling expenses for the coming year. a. $195,250 b. $145,250 c. $120,250 d. $83,250
Alderfer's Needs Hierarchy collapses ______ five needs into three categories
Fill in the blank(s) with the appropriate word(s)
When a buyer has breached a sales contract, and the goods are in his or her possession, the seller can sue to recover the purchase price.
Answer the following statement true (T) or false (F)
If either the goods or their tender fails to conform to the contract in any respect, the buyer or lessee must reject all of the goods. ?
Indicate whether the statement is true or false