Which of the Following Statements Is (Are)true with Respect to Profit-Sharing

question 11

Multiple Choice

Which of the following statements is (are) true with respect to profit-sharing plans?
I.There is no limit on the amount that an employer can contribute annually to an employee's account under a profit sharing plan.
II.Profit sharing plans offer greater funding flexibility for employers than under other qualified plans.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Promotion

A marketing strategy involving the use of various techniques and methods to reach and engage consumers, aiming to increase awareness and sales of a product or service.

Service's

The term "service's" often refers to actions or activities that one party can offer to another, which are intangible and do not result in ownership.

Marketing

The process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

Value

The significance, value, or benefit of something to an individual.