Tran Is Employed at a Company That Annually Contributes Anywhere

question 22

Multiple Choice

Tran is employed at a company that annually contributes anywhere from 2% up to 12% of his salary into his retirement plan,depending on how good the company's financials were that year.This type of contribution plan is a(n) ________ plan.

• A)401(k)
• B)ESOP
• C)profit-sharing
• D)performance

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Definitions:

Spanish Empire

A historical empire that, at its height in the 16th and 17th centuries, was one of the largest empires in world history, including territories in the Americas, Europe, Africa, Asia, and Oceania.

Florida

A southeastern U.S. state, known for its warm climate, beaches, and as a popular tourist destination.

New Laws of 1542

Historical regulations enacted by the Spanish crown to reform the administration of Spanish colonies and improve the treatment of Indigenous peoples in the Americas.