Which statement summarizes section 401(k) of the internal revenue
code?

a.)employers must match the amount of an employee's contribution to a retirement fund up to a certain percentage of the employee's
contribution.
b.)employees are not taxed on interest earned on compensation that
has been placed in specially designated retirement accounts.
c.)employees are not taxed on income they choose to receive as
deferred compensation rather than direct compensation,
d.)employers must establish a program that enables employees to
contribute annually to a retirement account.

Schonhardt corporation's relevant range of activity is 2,500 units to 5,500 units. when it produces and sells 4,000 units, its average costs per unit are as follows: averagecost per unitdirect materials $ 7.60direct labor $ 2.90variable manufacturing overhead $ 1.65fixed manufacturing overhead $ 2.90fixed selling expense $ 0.95fixed administrative expense $ 0.65sales commissions $ 0.75variable administrative expense $ 0.65if 4,500 units are produced, the total amount of fixed manufacturing cost incurred is closest to: multiple choicea $16,800b $11,400c $11,600d $15,400