ABC Co Wants to Dismiss an Employee for Failing to Maintain

question 46

Multiple Choice

ABC Co. wants to dismiss an employee for failing to maintain an acceptable performance level. What must the company do before it dismisses that employee?

• A) Give him six months advance notice of the dismissal.
• B) Prove that he is not meeting job expectations.
• C) Place him on probation.
• D) Change the job requirements so that they'll meet his abilities.

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Definitions:

Retirement Savings

Funds that have been set aside or invested with the goal of providing financial security for retirement.

Contributions Credit

Contributions credit generally refers to tax credits available for contributions to certain types of saving plans or charitable organizations.

Qualified Retirement Plan

A retirement savings plan recognized by the IRS that offers tax benefits to both employers and employees.

Child Tax Credit

A tax credit available to taxpayers for each qualifying dependent child, aimed at reducing the taxpayer's liability.