Match Each Statement with the Correct Term Below

question 96

Multiple Choice

Match each statement with the correct term below.
-Incentive stock option

• A)A separate, parallel tax system designed to ensure a taxpayer pays some tax.
• B)A compensation tool that is based on potential price increases of the company's stock.
• C)An individual trust account maintained for the exclusive benefit of an individual or beneficiary.
• D)A type of defined contribution pension plan in which the company and the employee contribute a fixed percentage of the employee's salary to the plan.
• E)A pension plan in which the benefits are based on the number of years an employee has worked for a company and on the employee's annual salary.
• F)A pension plan whose benefits are determined by the amount of contributions the employee and the company contribute to the plan and the earnings of the plan.

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Definitions:

Witness

An individual who has knowledge about a fact or event, often called upon to testify in court.

Civil Litigation Trial

The court process in which parties in a dispute present their case to a judge or jury, involving non-criminal matters.

Plaintiff

An individual or entity who initiates a lawsuit against another in a court of law.

Defendant

An individual, company, or institution being sued or accused in a court of law.