Which of the following is true about 401(k) retirement plans?

A) All 401(k) plans are cafeteria plans.
B) 401(k) plans are exempt from all payroll taxes.
C) 401(k) plans always reduce income tax liability.
D) 401(k) plans are usually subject to FICA taxes.


D) 401(k) plans are usually subject to FICA taxes.

Business

You might also like to view...

Order-getters:

A. never truly create sales. B. rely on customer recommendations. C. are useful for selling tangible goods in highly competitive industries. D. often do not attempt to close a sale. E. do not use a sales strategy.

Business

Land costing $88,000 was sold for $50,000 cash. The loss on the sale was reported on the income statement as other expense. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land?

A) $50,000 B) $88,000 C) $138,000 D) $38,000

Business

Before meeting with an employee to discuss the performance evaluation, a supervisor should

a. Shred the employee's self-evaluation b. Consider the employee's likely response to the evaluation c. Have a cup of coffee and relax d. None of the above

Business

A research proposal outlines the research process that is to be undertaken so that the __________________ and appropriateness can be examined by others.

a) Appearance b) Validity c) Attitudes d) Variables

Business