Briefly describe the tax provisions of 401(k) plans and Keogh plans
The tax law generally treats qualified plans the same. The basic feature is the contributions to the plan are not subject to tax, that is either they are excluded if contributed by the employer or deductible if contributed by the employee. The distributions from the plans are taxed when received which could be several years after the contributions. The Roth plans are just the opposite: Contributions are after-tax and distributions are not taxed. Note that in both cases, the distributions include the amount that was contributed plus any earnings on the contributions.
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Managers who exemplify an open-minded attitude and who appreciate cultural diversity are described as applying a global ________
A) sensitivity B) standard C) posture D) mindset
Ellen Ortiz works as a sales manager at a telecom firm. The company has recently launched a new product in the market. Her work in the next few weeks involves sharing knowledge about the product with her team members
She will also need to inspire them to reach their sales targets and clarify any doubts about the new product. Which of the following roles is Ortiz playing? A) leader B) liaison C) disseminator D) spokesperson E) negotiator