Question: 1. In general, qualifying deferred compensation is exempt for which type of withholding? A) Income Tax, Social Security, Medicare b) Social Security, Medicare c) Income
1. In general, qualifying deferred compensation is exempt for which type of withholding?
A) Income Tax, Social Security, Medicare
b) Social Security, Medicare c) Income Tax d) Social Security
e) Medicare
2. In general, pretax contributions to flexible benefit plans are exempt for which types of withholding?
A) Social Security
B) Income Tax, Social Security Medicare
C) Medicare
d) Social Security, Medicare
E) Income Tax
3.Under which plans are employee contributions subject to income tax?
a) 403b b) 457b c) None of the above
d) All of the above
e) 401k
4. Under which plans are employee contributions subject to social security and Medicare taxes (unless otherwise exempted)?
A) 401k
b) 403b
c) None of the above
d) All of the above
e) 457b
5. Which plans have contribution maximums?
a) Qualified Plans
b) Both c) Non-qualified plans
d) Neither
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
