A benefit of a defined-contribution plan is that: (Select the best answer below.) the money contributed by the employer is like extra compensation to the employee. it allows the employee to pay the tax before they contribute. it allows the employee to pay the tax on the growth in the contributed earnings.
An employer match is: (Select the best answer below.) A. a retirement match, offered by some employers, to give you incentive to begin saving for retirement. Typical matches 100% of 25% of your annual salary.
a retirement match, offered by some employers, to give you incentive to begin saving for retirement. Typical matches 100% of 25% of your annual salary. B. a retirement match, offered by some employers, to give you incentive to begin thinking about how much money you will have for retirement.
The amount of income that you receive from Social Security when you retire is dependent on: (Select the best answer below.) the number of years in which you earned income and your level of income in the last year you worked. the number of years in which you earned income and your average level of income.