Asked by Katlyn Holder on May 10, 2024
Verified
Under most profit-sharing plans, employers make ______ the percentage of salary contributions that the employee contributes.
A) twice
B) the same
C) one-half
D) employers do not make contributions under profit-sharing plans
Profit-Sharing Plans
Compensation schemes where employees receive a portion of the company's profits, in addition to their regular salaries.
Salary Contributions
Payments made by employees or employers towards retirement plans, benefits, or other financial obligations based on salary percentages.
Employer Contributions
Payments made by an employer into a benefits plan, pension, or savings account on behalf of their employees.
- Comprehension of the perks provided to employees and the determinants influencing their allocation.
Verified Answer
Learning Objectives
- Comprehension of the perks provided to employees and the determinants influencing their allocation.
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