Ricardo Has Worked for a Local Company for the Last

question 13

Multiple Choice

Ricardo has worked for a local company for the last 25 years.Upon retirement,Ricardo has been guaranteed a salary of $2,000.00 per month under the company's retirement plan.What kind of retirement benefit program is this company using?

• A) defined contribution plan
• B) tax-deferred plan
• C) defined benefit plan
• D) registered retirement savings plan

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Definitions:

Life Expectancy

The average number of years that a person is expected to live, based on statistical analysis of current mortality rates.

Health Expectancy

An estimate of the number of years a person can expect to live in a relatively healthy state, free of major diseases or disabilities.

Keiko

A common name in some cultures, but without a universal definition unrelated to specific concepts unless context is provided.

Healthier Lifestyles

Practices and habits that improve overall wellbeing, including balanced diet, regular exercise, and avoidance of harmful behaviors.