True or False: You may contribute as much of your earnings as you choose to your employer-sponsored retirement plan
each year.
a) True
b) False

Question

True or False: You may contribute as much of your earnings as you choose to your employer-sponsored retirement planeach year.a) Trueb) False

derrick94 · Accepted Answer

Answer:Its false Explanation:because when I clicked true I got it wrong.

wmclaughlin · Answer

It is not true that we may contribute as much of our earnings as we choose to our employer-sponsored retirement plan each year. The correct option is b.

What is an employer-sponsored retirement plan?

An employer-sponsored plan refers to a type of benefit plan offered to employees at no or relatively low cost. These plans, such as a 401(k) or HSA, cover an array of services including retirement savings and healthcare. Employees who enrol in such programs capitalize on the benefit of receiving discounted services.

On the other hand, employers offering these plans typically benefit from tax breaks. Also, sponsoring benefits is seen as a way to recruit and retain valuable employees. Sponsorship does not mean that an employer contributes funds to the plans, though they may match certain employee contributions.

In order to attract and retain workers as well as receive tax breaks and other incentives employers install these benefit plans.

Learn more about plan, here:

https://brainly.com/question/13010835

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True or False: You may contribute as much of your earnings as you choose to your employer-sponsored retirement plan
each year.
a) True
b) False

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True or False: You may contribute as much of your earnings as you choose to your employer-sponsored retirement plan each year. a) True b) False

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True or False: You may contribute as much of your earnings as you choose to your employer-sponsored retirement plan
each year.
a) True
b) False