Test your knowledge of economics terms and concepts with this glossary quiz! Learn the definitions of key terms used in economics and related fields, including the 401(a) Retirement Plan and more. Challenge yourself and expand your understanding of the subject.

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@CongenialForethought

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Questions and Answers

Which section of the Internal Revenue Code defines a tax-deferred retirement savings plan?

401(a)

Which retirement plan allows for contributions by both the employer and employee?

401(a) Retirement Plan

Which retirement plan may have employer matching contributions?

401(k) Retirement Plan

Which retirement plan is also known as a tax-sheltered annuity (TSA)?

<p>403(b) Retirement Plan</p> Signup and view all the answers

Which retirement plan is available for public education organizations?

<p>403(b) Retirement Plan</p> Signup and view all the answers

Study Notes

Retirement Savings Plans

Section 403(b) of the Internal Revenue Code defines a tax-deferred retirement savings plan.
A 403(b) plan allows for contributions by both the employer and employee.
A 403(b) plan may have employer matching contributions.
A 403(b) plan is also known as a tax-sheltered annuity (TSA).
A 403(b) plan is available for public education organizations.