$29$

Multiple Choice

$1$ point

Section $403($b$)$ plan $($tax$-$sheltered annuity plan or TSA$)$ employer contributions

L$.$ must abide by the annual additions limit$.$

II$.$ must not discriminate in favor of highly compensated employees.

III. are based on a maximum annual includible compensation of $$275,000$ in $2024.$

IV$.$ are subject to FICA $($Social Security and Medicare$)$ and FUTA $($federal unemployment$)$ payroll taxes.

III and IV

I and II

II$,$ and $114$

II$,$ III, and IV