Which of the following statements pertaining to qualified pension plans is NOT correct?
A) The employer's contributions on the employee's behalf are tax deductible to the employer.
B) The amount of the employer's contributions is limited by current tax law.
C) The interest on the employer's contributions is included in the employee's gross income and is currently taxable.
D) The employer's contributions become fixed liabilities for the employer.
Ans: C) The interest on the employer's contributions is included in the employee's gross income and is currently taxable.
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Return on quality approach:
A) is a targeted approach to quality investments. B) advocate all quality expenditures are equally valid. C) focuses on actual quality improvements than on the cost of quality. D) does not monitor the overall progress.
An informal, voluntary agreement to solve disputes between an investor and his/her broker by utilizing a person to facilitate negotiations between the two parties is called
A) voluntary arbitration. B) binding arbitration. C) mediation. D) litigation.