In a defined contribution pension plan,
A) pension income varies depending on how well the plan's investments have done.
B) the employee is promised an assigned benefit based on earnings and years of service.
C) if the funds in the pension plan exceed the amount promised, the excess accrues to the issuing firm or institution.
D) all earnings are taxable as regular income.
Correct Answer:
Verified
Q62: In which of the following have pension
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A)is always fully funded.
B)may
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A)payment made by
Q65: To deal with difficulties in administering pension
Q66: Vesting refers to
A)the right of the holder
Q68: Term life insurance
A)is offered only by mutual
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A)purchase accounts receivable of small
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Q72: Property and casualty insurers hold
A)more short-term assets
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