Questions from Individual Taxation

Q: Describe how an employee’s benefit under a defined contribution plan is determined

Describe how an employee’s benefit under a defined contribution plan is determined.

Q: When may employees begin to receive defined contribution plan distributions without penalty

When may employees begin to receive defined contribution plan distributions without penalty?

Q: What nontax factor(s) should an employee consider when deciding

What nontax factor(s) should an employee consider when deciding whether and to what extent to participate in an employer’s 401(k) plan?

Q: What are the differences between a traditional 401(k) and

What are the differences between a traditional 401(k) and Roth 401(k) plan?

Q: Can employers match employee contributions to Roth 401(k) plans

Can employers match employee contributions to Roth 401(k) plans? Explain.

Q: Name three common types of income shifting.

Name three common types of income shifting.

Q: Are companies allowed to decide who can and who cannot participate in

Are companies allowed to decide who can and who cannot participate in nonqualified deferred compensation plans? Briefly explain.

Q: What are the primary tax differences between traditional IRAs and Roth IRAs

What are the primary tax differences between traditional IRAs and Roth IRAs?

Q: What types of retirement plans are available to self-employed taxpayers

What types of retirement plans are available to self-employed taxpayers?

Q: Marissa participates in her employer’s nonqualified deferred compensation plan. For 2016

Marissa participates in her employer’s nonqualified deferred compensation plan. For 2016, she is deferring 10 percent of her $320,000 annual salary. Assuming this is her only source of income...