Which of the following statements is (are) true regarding cash-balance pension plans?
I. Cash balance plans are defined contribution plans.
II. Under a cash balance plan, the employer creates an investment account for each employee into which the employer makes actual contributions and allocates investment gains and losses.
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: D
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?The nominal interest rate is
A. ?endogenous in the ATM model, while it is exogenous in the liquidity-preference model. B. ?exogenous in the ATM model, while it is endogenous in the liquidity-preference model. C. ?endogenous in both the liquidity-preference and ATM model. D. ?exogenous in both the liquidity-preference and ATM model.
Which of the following payroll taxes is not paid by the employee?
A. federal unemployment tax B. federal income tax C. FICA (Social Security and Medicare) D. state income tax
Indicate the group of words in which the number or numbers are correctly expressed. Which is correct?
A) 59 cents, $1.29, and $3.99 B) $.59, $1.29, and $3.99
An individual's attorney and court fees may be recovered if successful in a qui tam
action. a. True b. False