A) a defined contribution plan for small firms (1 - 10 employees) B) a retirement plan in which the employer contributes its own stock to the employee's retirement account

C) a defined contribution plan in which the employer contributes to employee retirement accounts based on a specified profit formula
D) a defined contribution plan that allows employees to contribute up to $18,000 per year in 2015 on a pre-tax basis

17) ESOP
18) profit sharing
19) 401(k) plan
20) SEP
What will be an ideal response?

Answers: 17) B 18) C 19) D 20) A

Business

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