In Gain Sharing Plan Formulas,_____ Is/are the Numerator and _____

question 38

Multiple Choice

In gain sharing plan formulas,_____ is/are the numerator and _____ the denominator.

• A) productivity measures, inputs
• B) productivity measures, labor inputs
• C) costs and scrap rate, revenues
• D) labor inputs, productivity measures

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Definitions:

Dependent Care Assistance Plans

Benefit plans offered by employers that allow employees to use pre-tax dollars to pay for dependent care expenses.

Married Filing Separately

A filing option for married partners that enables them to report their personal income, deductions, and exemptions separately on individual tax returns.

Modified AGI

Adjusted Gross Income with certain deductions and exclusions added back in, used to determine eligibility for certain tax benefits.

Adjusted Gross Income

An individual's total gross income minus specific deductions allowed by the IRS, used to determine tax liability.