A program that allows employees to contribute to their retirement on a tax-free basis is ________.
A)401(k)
B)401(C)
C)401(F)
D)401(T)

Question

Quizplus · Accepted Answer

The 401(k) plan allows employees to contribute to their retirement on a tax-free basis. This means that the money contributed is not subject to income tax until it is withdrawn from the account. The 401(k) plan is a popular retirement savings option offered by many employers.

A Program That Allows Employees to Contribute to Their Retirement