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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!