Asked by Katlyn Holder on May 10, 2024

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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.
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nazmeen shahbazMay 12, 2024
Final Answer :
B
Explanation :
Under most profit-sharing plans, employers make contributions that are the same as the percentage of salary contributions that the employee contributes. This means that the employer matches the contribution rate of the employee.