John Carpenter Works as a Manager of a Retail Store

question 27

Multiple Choice

John Carpenter works as a manager of a retail store.His employer has been setting money aside for him each month in the amount of 7 percent of his monthly earnings.What type of retirement plan does John have?

• A)Money-purchase pension plan
• B)Stock bonus plan
• C)Profit-sharing plan
• D)403(b)plan
• E)Defined benefit plan

---

Definitions:

Helper-therapy Principle

The helper-therapy principle suggests that individuals who assist others in a therapeutic context can also benefit themselves, improving their own well-being through the process of helping.

Group Leader

Someone appointed or emerging within a group to steer its activities and decision-making processes toward collective goals.

"Rock-bottom" Groups

Informal or formal assemblies of individuals who have experienced a significant downfall or lowest point in their lives, often relating to addiction or severe personal challenges, seeking mutual support.

Gamblers Anonymous

A support group designed to help individuals overcome and cope with gambling addiction.