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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Federal Spending

The amount of money that the national government expends on various programs, projects, and services.

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Gross domestic product, a monetary measure of the market value of all final goods and services produced in a country during a specific period.

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The spending by the federal government of a country, typically on public services, defense, welfare programs, and infrastructure.