{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Chapter 14 - Chapter 14 Review Questions True/False 1 2 3 4...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 14 Review Questions True/False 1. Once you begin drawing social security benefits, you will receive a fixed level of income for the remainder of your life. 2. For most workers, participation in the social security system is mandatory. 3. With a non-contributory pension plan, the employer makes no financial contribution to the account. 4. As social security covers more employees, employer-provided pensions and individual retirement plans re covering fewer. 5. A graded vesting schedule would legally have to give you some vesting rights even though you worked at a company only 1 ½ years. 6. Payments from a defined benefits plan will be determined by the investment performance of the retirement funds. 7. The money you put into a Roth IRA could be deductible from your taxable income in the year contributed. 8. Miles has no retirement plan at work. Therefore, $2,000 contributed to his regular IRA will be tax deductible. 9. A person who is self-employed on a part-time basis can qualify for a Keogh account.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}