Which of the following statements regarding Roth 401(k) accounts is false?
A) Employees can make contributions to a Roth 401(k) .
B) Employers can make contributions to Roth accounts on behalf of their employees.
C) Contributions to Roth 401(k) plans are not deductible.
D) Qualified distributions from Roth 401(k) plans are not taxable.An employer is not allowed to contribute to an employee's Roth 401(k) account.
Correct Answer:
Verified
Q46: Which of the following statements is true
Q47: Shauna received a $100,000 distribution from her
Q48: Jenny (35 years old) is considering making
Q49: Which of the following is true concerning
Q50: Which of the following statements regarding defined
Q52: Which of the following statements regarding contributions
Q53: Shauna received a distribution from her 401(k)
Q54: Heidi has contributed $20,000 in total to
Q55: Which of the following statements comparing qualified
Q56: Riley participates in his employer's 401(k) plan.He
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents