Please answer the question on engineering process

Explanation:-

A 401(k) Plan is a defined-contribution retirement account which allows employees to save a portion of their salary in a tax-advantaged manner. The money earned in a 401(k) Plan is not taxed until after the employee retires, at which time their income will typically be lower than during their working years.

In the United States, a 401(k) plan is an employer-sponsored defined-contribution pension account defined in subsection 401(k) of the Internal Revenue Code. Employee funding comes directly off their paycheck and may be matched by the employer. There are two main types corresponding to the same distinction in an Individual Retirement Account; variously referred to as traditional vs. Roth, or tax-deferred vs. tax exempt, or EET vs. TEE. For both types profits in the account are never taxed. For tax exempt accounts contributions and withdrawals have no impact on income tax. For tax deferred accounts contributions may be deducted from taxable income and withdrawals are added to taxable income. There are limits to contributions, rules governing withdrawals and possible penalties.

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A 401 (k) retirement plan, refers to that, A defined contribution retirement account that allows employees to save a portion of their salary in a tax-advantaged manner.

A worker or manager who works for a business, group, or community is referred to as an employee. The organization's personnel consists of these people. There are various types of employees, but in general, any individual engaged by an employer to do a specific task in exchange for remuneration is considered an employee.

The term  401 (k) retirement plan, refers to that, A feature That was allowing the employee to elect to contribute a portion of the employee's wages to an individual account under the plan. The underlying plan can be a profit-sharing, stock bonus, pre-ERISA money purchase pension, or a rural cooperative plan.

Therefore, By The  401 (k) retirement plan, A qualified plan, and the features will be there in it.

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one can easily calculate information to data

Answer:

Someone with analytical/research skills can assess a situation, ask the right questions of the right people, and identify key challenges and opportunities.

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