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Which of the following is true about 403(b) retirement plans? Multiple Choice All...

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Accounting

Which of the following is true about 403(b) retirement plans?

Multiple Choice

  • All 403(b) plans are cafeteria plans.

  • 403(b) plans are not subject to FICA taxes.

  • 403(b) plans are exempt from all payroll taxes.

  • 403(b) plans reduce income tax liability.

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