Ask Question
BusinessBusiness
7 November, 15:14

Who would be eligible for a 403b account?

A. A salesperson

B. A CEO of a Fortune 500 company

C. A government employee

D. Anyone

+5
Answers (1)
  1. 7 November, 15:36
    0
    The correct answer is C. A government employee

    Explanation:

    In finance, a 403b account or plan is a retirement plan used mainly by government employees or non-profit organization employees, for example, a teacher of a public school or a librarian. This account is different from regular accounts because government institutions do not have to pay taxes and have different regulations for employees than private businesses. Due to this, there are changes in the retirement plant, this includes that funds can be vested in a shorter time and this plan has fewer costs. According to this, the person who would be eligible for a 403b account is a government employee because as mentioned before this account is only for government or non-profit organizations employees.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Who would be eligible for a 403b account? A. A salesperson B. A CEO of a Fortune 500 company C. A government employee D. Anyone ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Answer the question on the assumption that the legal reserve ratio is 20 percent. Suppose that the Fed sells $500 of government securities to commercial banks (paid for out of commercial bank reserves) and buys $500 of securities from individuals,
Answers (1)
Southern Tours is considering acquiring Holiday Vacations. Management believes Holiday Vacations can generate cash flows of $187,000, $220,000, and $245,000 over the next three years, respectively.
Answers (1)
Certain adjusting entries made at the end of an accounting period are reversed at the beginning of the following period Required: Analyze the following four adjusting entries made on December 31, and determine whether a reversing entry is needed.
Answers (2)
Assembly department of Zahra Technologies had 200 units as work in process at the beginning of the month. These units were 45% complete. It has 300 units which are 25% complete at the end of the month.
Answers (1)
Paige's pet store is deciding on keywords for a new adwords campaign. how should paige set up her adwords keywords?
Answers (1)
New Questions in Business
Nichols Corporation's value of operations is equal to $600 million after a recapitalization (the firm had no debt before the recap). It raised $150 million in new debt and used this to buy back stock.
Answers (1)
A decedent owned 300 shares of closely held xyz stock jointly with her brother. this property must be reported on
Answers (1)
What is the document that the marketing researcher pledges to deliver as a result of the marketing research process?
Answers (1)
10.3. Gadgets are produced and sold in a competitive market. When there is no tax, the equilibrium price is $20 per gadget. The own-price elasticity of demand for gadgets is 0.5.
Answers (1)
The specific identification inventory method should be used when the inventory consists of identical, low-cost units that are purchased and sold frequently. True False
Answers (1)
Home » Business » Who would be eligible for a 403b account? A. A salesperson B. A CEO of a Fortune 500 company C. A government employee D. Anyone
Sign Up Forgot Password?