Match the limitation on contributions to the retirement plans for 2011 with the retirement plan. Limitations may be used more than once. Assume all taxpayers are under age 50, unless stated otherwise.
-Nonqualified deferred compensation plan
A) No limit
B) $5,004
C) $6,004
D) $16,504
E) $49,000
F) $195,004

Question

Quizplus · Accepted Answer

Nonqualified deferred compensation plans do not have a contribution limit set by the IRS, allowing participants to defer a much larger amount of their compensation compared to qualified plans.

Match the Limitation on Contributions to the Retirement Plans for 2011