Carve-out accounts
A) applies only to workers between 65 and 69 years of age.
B) take funds away from the traditional social security system.
C) has a tax rate of no more than 16.9 percent.
D) all of these answer options are correct.

Question

Quizplus · Accepted Answer

Carve-out accounts take funds away from the traditional social security system. The other answer options are incorrect: A is false as carve-out accounts have no age restrictions; C is false as the tax rate for carve-out accounts can vary depending on the specific policy or plan.

Carve-Out Accounts