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goji.go goji.go
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10 years ago
Teresa just received a quarterly statement from the Vanguard Group, which shows earnings from investments using her pretax dollars. Teresa contributes a percentage of her salary to the plan and her company matches it. Teresa is participating in a(n) ________.
A) pension plan
B) 401(k)
C) stock option agreement
D) ESOP
E) profit sharing plan
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Diesel
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bbb
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#1
10 years ago
B) A 401(k) plan is a defined contribution plan in which pretax dollars are invested. It is often managed by an outside investment company, such as the Vanguard Group. An employee's annual contribution is determined by the employee as a percentage of salary up to a specified legal limit.
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goji.go Authorgoji.go
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10 years ago
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Diesel

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