Posie Is an Employee of Geiger Technology and Earns $90,000

question 77

Multiple Choice

Posie is an employee of Geiger Technology and earns $90,000 in 2014. The maximum amount Geiger can contribute to a profit sharing plan on behalf of Posie is

• A) $6,000
• B) $13,500
• C) $22,500
• D) $25,000
• E) $49,000

---

Definitions:

Expression

A mathematical phrase that can contain numbers, variables, and operation symbols but does not have an equal sign.

Zero-Factor Property

A rule stating that if the product of two factors equals zero, at least one of the factors must also be zero.

Equation

A statement in mathematics that declares two expressions, often including variables and constants, to be equivalent.

Factor

A number or expression that divides another number or expression evenly, with no remainder.