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How many of the following statements about a defined contribution superannuation fund is correct? The employee is promised an allocated benefit based on earnings and
How many of the following statements about a defined contribution superannuation fund is correct?
- The employee is promised an allocated benefit based on earnings and years of service
- Superannuation income varies depending on how well the plan's investments have performed
- If the funds in the plan exceed the promised amount, the excess remains with the issuing firm or institution
- The taxes on all fund earnings are paid by the employer
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