Characteristics of Profit-Sharing Plans Include All of the Following with the Exception

question 102

Multiple Choice

Characteristics of profit-sharing plans include all of the following with the exception of

• A)a predetermined formula is used to allocate employer contributions to individual employees and to establish benefit payments.
• B)forfeitures of benefits under the plan may be reallocated to the remaining participants.
• C)the company must make contributions to the plan if it has profits during the year.
• D)annual employer contributions are not required,but substantial,recurring contributions must be made to satisfy the requirement that the plan be permanent.

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Definitions:

Social Relationships

Connections between individuals in a society, based on various factors such as friendship, love, kinship, shared interests, business interactions, or other social commitments.

IQ

A measure of a person's intellectual capabilities compared to the average intelligence level of their age group.

Behavior Therapy

A type of psychotherapy that focuses on changing unwanted behaviors through reward systems, desensitization, and other techniques based on learning principles.

Hyperactive Behavior

Excessively active actions or movements, often associated with attention deficit hyperactivity disorder (ADHD).