$8\mathrm{.}23$PM Sun May $18$

Done

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I

SPS$15$ OnDemand Retirement Savings and Inceme Planning $-$

Question $36$ of $85$

Question D: $1528085$

Which of these statements regarding Section $403/$b$)/$tax$-$sheltered annuity $($TSA$)$ plan employee elective deferrals is CORRECT?

A$)403($b$)$ plans exempt the employer from responsibility for invessment choices provided by the plan, plan administration, and regulatory compliance.

B$)403($b$)$ plans are exempt from the universal availablity requirements.

C$)$ Employer contributions are subject to RCA $($Social Security and Medicare$)$ and federal unemployment $($FUTA$)$ payroll taxes.

D$)$ Employee elective deferrals are subject to RICA $($Social Security and Medicare$)$ and FUTA $($federal unemployment$)$ payroll taxes.