All of the following are employer-sponsored plans except: Multiple Choice Keogh plan. Coverdell Education Savings Account. 403(b). Qualified profit-sharing plan.
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All of the following are employer-sponsored plans except:
-
Keogh plan.
-
Coverdell Education Savings Account.
-
403(b).
-
Qualified profit-sharing plan.
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- Which type of account can be used as a retirement savings account? Section 529 Plan. Health Savings Account. Flexible Spending Account. Coverdell Education Savings Account.The following relates to different types of registered plans: Registered Retirement Income Fund Tax-Free Savings Account Registered Education Savings Plan Registered Retirement Savings Plan What type of plan will be made by a contributor for the beneficiary of the plan to enroll in a post-secondary program Question 8 options: a) i and ii only b) iii only c) ii and iv only d) All of the aboveWhich of the following IRAS is a profit-sharing plan? Roth savings incentive match plan for employees simplified employee pension traditional
- A Defined Benefit Plan defines the following: O A. Your (employee) contributions to the plan B. The rate of return on assets (stocks, bonds, etc.) in the plan C. In most cases, is funded almost entirely by the employer D. Both A & C E. None of the aboveSohar Aluminium is providing free housing and child education facilities to its employees. ldentify the type of benefit provided by Sohar Aluminum in the above statement? O a. Social security measures O b. Fringe benefits O c. Bonus O d. IncentivesThe following relates to different types of registered plans: Registered Retirement Income Fund Tax-Free Savings Account Registered Education Savings Plan Registered Retirement Savings Plan What plan permits the amount contributed to be deducted from the individual's total income in the year contribution is made or carry forward if unused? Question 2 options: a) i, ii and iii b) ii, iii and iv c) iv only d) None of the above
- In the discussion of employees' pension plans, your book talks about two pension plans - Defined Contribution Plan and Defined Benefit Plan. Which one of the following is an example of Defined Contribution Plan? a. Section 529 Plan b. 401k C. HSA Plan d. FUTA е. None of the aboveBenefits paid to members of a defined benefit p employment fund are based onil. investment returns generated by the fund.li. remuneration levels while err oyed.Ill. number of years of service.IV. the level of employer contributions made to the fund. Select one: a. Il and Ill only. b. I and I only. c. Il and IV only. • d. III and IV only.An able account is a type of 529 plan intended to benefit?
- Which of the following statements regarding a money purchase plan is (are) correct? I. The employee can choose from among different levels of contribution rates. II. The employer's contribution is a set formula often stated as a percentage of the employee's pay deferral into the plan. II. Employees may be permitted to make voluntary after-tax contributions into the plan. A. None. 3. I only. C. I and Il only. D. Il and II only. E. I, Il and II.If your school has a subscription to the FASB Codification, log in and prepare responses to the following. Provide Codification references for your responses. CE20.1 Access the glossary (“Master Glossary”) to answer the following. a. What is an accumulated benefit obligation? b. What is a defined benefit postretirement plan? c. What is the definition of “actuarial present value”? d. What is a prior service cost?The activities of public-school employee retirement plan that is financed by equally the school and employee contributions should be recognized in which one of the following fund? a. General fund b. Agency fund c. Trust fund d. None of the options