Only The Most Financially Savvy Can Pass This Monetary Terms Quiz

Karyn Bailey|General Knowledge|13 Jan 2020

Which of the following is an example of deferred compensation?

25%
Folded dollar bills lie outside a piggy bank.
Retry Correct Incorrect Deferred compensation refers to money that is withheld from an employee’s earnings to be given to the employee at a later date. This includes pension plans and retirement plans, such as a 401K.
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Roberto Machado Noa/LightRocket via Getty Images
Roberto Machado Noa/LightRocket via Getty Images

Which of the following is an example of deferred compensation?

  • A salary bonus
  • None of the above
  • A pension plan
  • A car loan
25%

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