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2 February, 09:44

401 (k) accounts are those that are partially funded by employers using a portion of wages before tax: true or false?

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  1. 2 February, 10:57
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    FALSE

    Step-by-step explanation:

    It is false because 401 (k) accounts are not funded by employer's wages but employees' wages; the latter voluntarily make contributions to a retirement account that is taken out of their wages before taxes. Employers on the other hand may partially or fully match a portion of these contributions.
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