Which is an employer-sponsored retirement plan?(1 point) Responses a Social Security coverage that is offered only to employed citizens a Social Security coverage that is offered only to employed citizens a strategy offered by the company that will advise employees on how to invest in order to retire a strategy offered by the company that will advise employees on how to invest in order to retire a type of account offered to employees at very little or no cost a type of account offered to employees at very little or no cost a private bank plan that is recommended by the company a private bank plan that is recommended by the company
A 401(k) plan would be a type of employer-sponsored retirement plan, which is a type of account offered to employees at very little or no cost.
Which is an appropriate use of money in an emergency fund?(1 point) Responses buying a brand new car buying a brand new car replacing the furnace in July replacing the furnace in July replacing the furnace in January replacing the furnace in January painting the house
Replacing the furnace in January would be an appropriate use of money in an emergency fund.
Which option defines a tax benefit? (1 point) Responses a type of tax form that needs to be completed each year. a type of tax form that needs to be completed each year. some type of savings for taxpayers some type of savings for taxpayers a government loan a government loan a government bond affiliated to tax collection
Some type of savings for taxpayers is a tax benefit.
A type of account offered to employees at very little or no cost
The correct answer is: "A type of account offered to employees at very little or no cost." This refers to an employer-sponsored retirement plan, which is a retirement savings plan that is set up and offered by an employer to help employees save and invest for retirement. There are different types of employer-sponsored retirement plans, such as a 401(k) plan, a 403(b) plan (commonly offered by non-profit organizations), or a 457 plan (offered by state and local governments). These plans allow employees to contribute a portion of their salary to a retirement account, which is then invested and grows over time. The contributions are often tax-deductible, and some employers may also provide matching contributions to incentivize employees to save for retirement. It is important to note that the specifics of an employer-sponsored retirement plan can vary from one employer to another, so it is always a good idea to consult with your employer or human resources department to understand the details and options available.
