Which of the following is false about a 401(k) plan?
A) Withdrawals before age 59 1/2 result in a 10% tax penalty.
B) Less than 50% of all employers offering these plans match a portion of employee's contributions.
C) Your contributions are limited to a set dollar amount each year.
D) The money you contribute is deducted from your pay before taxes are assessed.
Answer: B
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Exhibit 16-1 The Zeller Corporation's stockholders' equity accounts have the following balances as of December 31, 2016: Common stock, $10 par (30,000 shares issued and outstanding) $ 300,000 Additional paid-in capital 2,000,000 Retained earnings 5,700,000 Total stockholders' equity $8,000,000 ? Refer to Exhibit 16-1. On January 2, 2017, the board of directors of Zeller declared a 5% stock
dividend to be distributed on January 31, 2017. The market price per share of Zeller's common stock was $30 on January 2 and $32 on January 31. As a result of this stock dividend, the retained earnings account should be decreased by A) zero; only a memorandum entry is required. B) $15,000. C) $45,000. D) $48,000.
Infrastructural decisions include decisions about ______.
A. the kind of products to offer B. materials management and control C. the markets in which to offer products D. product design
Which of the following is true of a land contract?
A. The trustee holds legal title to the property put up as security. B. The buyer agrees to pay the purchase price over a period of time. C. If a buyer defaults, the seller does not have the right to declare forfeiture. D. The lender holds legal title to the property put up as security.
Elizabeth worked as a salesperson in a carpet store. She was in the midst of divorce proceedings and needed some money. Elizabeth sold her wedding ring. Elizabeth is considered a merchant with regard to the sale of the ring
a. True b. False Indicate whether the statement is true or false