Section 403(b) plan (tax-sheltered annuity plan or TSA) employer contributions

1. must abide by the annual additions limit.
2. must not discriminate in favor of highly compensated employees.
3. are based on a maximum annual covered compensation of $230,000 in 2020.
4. are subject to FICA (Social Security and Medicare) and FUTA (federal unemployment) payroll taxes.

Question 19 options:

I, II, and III
	I and II
	II, III, and IV
	III and IV