solved ACCT560 Week 7 Homework Assignment Please choose only one of

ACCT560 Week 7 Homework Assignment
Please choose only one of the following questions (1, 2, 3, or 4), whichever is applicable to your personal situation, and respond to all of the subparts for that question. You may complete your responses on this sheet, and then save and upload the file for grading. Be sure to produce a quality document, as grammar and spelling count.
For employees available to participate in a pension plan:
What type of plan is it? Defined benefit or defined contribution?*
If defined contribution, what type?

401(k)

403(b)

Employee stock ownership plan
Profit-sharing plan

Does your employer match your contribution? If so, what is the match?

What are the benefits to you (the employee) of participating in this plan?
Are there limits to how much you can contribute to the plan?
Does it have a Roth feature?
What are the benefits to your employer for offering this plan?
If you are not contributing, why?
For employees without a pension plan at work:
Discuss the nonemployer plan retirement saving opportunities available to an employee.
Are you currently contributing to a nonemployer plan?
If yes, what type?
What is the benefit to you as an employee for saving for your retirement?
Are there limits to how much you can contribute to the plan?

If you are not contributing, why?

For the self-employed:
What retirement savings opportunities are available to the self-employed?
Are there limits to how much you can contribute to the plan?
Do you currently contribute to a self-employed plan?
If so, what kind?
What are the tax benefits to a self-employed person for making contributions?
If you are not contributing, why?

For the nonworking taxpayer:

Does your employer offer a retirement plan at work? If so, answer the following.
* If you do not know the answer to these questions, then ask your HR or payroll department for the answers. Please do not guess.
If your employer does not offer a retirement plan at work, then employees have some options for accumulating retirement savings on their own.
Are you self-employed? If yes, address the following.
If you do not have a job and you are not self-employed, then choose one of the following.
Please address Questions 1, 2, or 3 above based on an interview you have conducted with your spouse, and describe a spousal IRA. 
If you are unmarried, please address Questions 1, 2, or 3 above based on an interview with one of your parents.