Tanner's Employer Puts a Predetermined Portion of Profits into a Trust

question 42

Multiple Choice

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

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Definitions:

Net Worth

The difference between assets and liabilities.

American Households

Units of living in the United States that consist of one or more people who live in a single housing unit, which may include families and roommates, and their economic and social characteristics.

Welfare Rolls

Lists or records of individuals receiving assistance from government welfare programs, which are designed to provide support for the needy.

Food Stamps

Government-issued vouchers that can be used to purchase food by those in need, aiming to reduce hunger and improve nutrition among low-income families.