401k
Interactive Video
•
Other
•
9th - 10th Grade
•
Hard
Andrew King
FREE Resource
2 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a 401(k)?
A type of savings account for short-term goals.
A common retirement savings account set up by an employer.
An investment account for purchasing real estate.
A government-sponsored health insurance plan.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a tax advantage of contributing to a 401(k)?
Contributions are taxed immediately.
Contributions are tax-deductible, reducing current taxable income.
Withdrawals are always tax-free.
Only the employer's contributions are tax-deductible.
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
