Exam (elaborations)
HRB-21 Retirement Contributions Exam Solved 100% Correct
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401(k) Plan (4) - ANSWER-• Deferred compensation plan available through a wide range of employers. • Contributions to a 401(k) plan are tax deferred to the employee. • Distributions from the plan are taxed as ordinary income when received. • Employer may opt to match all or part of the e...
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