Tanner's employer puts a predetermined portion of profits into a trust account for Tanner's retirement. Which of the following is most likely the type of profit-sharing plan used by Tanner's employer?

A) Jefferson incentive system
B) deferred profit-sharing plan
C) gainsharing plan
D) cash plan

Answer: B

Business

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All of the following expenses paid or incurred in the course of operating a business are deductible as business expenses except

a. Costs incurred by a public utility company in connection with an appearance at a public utility commission rate making hearing. b. Political contributions. c. Penalty for nonperformance of a contract. d. Reimbursements to job applicants in connection with interviews.

Business

Salespeople should most likely make benefit statements that:

A) cannot be matched by competitors B) match the specific needs of the customer C) match the needs of the typical buyer D) are similar in every presentation E) align with recent research

Business