Question: Question 1 (2 points) Choose the answer that best describes the purpose of a Section 529 Plan a funding retirement with completely tax-free dollars b
Question 1 (2 points)
Choose the answer that best describes the purpose of a Section 529 Plan
| a | funding retirement with completely tax-free dollars |
| b | funding a college education |
| c | funding retirement with tax-deferred dollars |
| d | funding retirement |
Question 2 (2 points)
Which of the following is not a type of health insurance coverage?
| a | Medicare supplemental coverage insurance |
| b | Major medical insurance |
| c | Double indemnity insurance |
| d | Basic medical expense insurance |
Question 3 (2 points)
Which of the following is not an employee benefit provided by private insurance?
| a | Group health insurance |
| b | Pension plans |
| c | Unemployment insurance |
| d | Group life insurance |
Question 4 (2 points)
Which of the following is not a purpose of workers' compensation laws?
| a | Give broad coverage to employees for work related injuries |
| b | Protect workers against lost earnings |
| c | Protect employers against the business interruption risk |
| d | Provide sufficient medical care for the injured worker |
Question 5 (2 points)
Which one of the following is not a characteristic of Social Security?
| a | have a forced savings plan for emergencies |
| b | save for retirement and have your employer match your contributions, all on a tax-free basis |
| c | save for retirement on a tax-free basis |
| d | save for retirement on a tax-deferred basis |
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