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A plan under which employees of state and local governments can contribute part of their salaries such that those earnings will grow tax-deferred until retirement is called a:
A. profit-sharing plan.
B. Section 457 plan.
C. money purchase plan.
D. Section 501 plan.
Answer: B
Explanation:
Explanation/Reference:
Explanation: A plan under which employees of state and local governments can contribute part of their salaries such that those earnings will grow tax-deferred until retirement is called a Section 457 plan. Profit- sharing and money purchase plans are retirement plans that may be available to employees of for-profit companies. Section 501 of the IRS code covers non-profit corporations.
NEW QUESTION: 2
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C. It provides a GUI for configuring IPS sensors and security modules.
D. It provides greater security than simple ACLs.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
NEW QUESTION: 3
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