Asked by Abdalla Alqudaifi on Jun 15, 2024
Verified
Form of pension plan for employees who meet certain requirements
A) HIPAA compliance officer
B) security officer
C) privacy officer
D) W-2 form
E) W-4 form
F) Form I-9
G) salary
H) Federal Fair Labor Standards Act
I) gross pay
J) net pay
K) auditing
L) bereavement time
M) profit sharing
N) liability insurance
O) gripe session
Profit Sharing
A system by which employees receive a share of the profits of a business enterprise.
Pension Plan
A retirement plan that requires an employer to contribute to a pool of funds set aside for an employee's future benefit.
- Become acquainted with the financial instruments and legal documents employed for employee compensation and benefits.
Verified Answer
ML
Michael LombardiJun 16, 2024
Final Answer :
M
Explanation :
Profit sharing is a form of pension plan where employees receive a share of the company's profits based on its earnings, typically provided to those who meet certain eligibility requirements.
Learning Objectives
- Become acquainted with the financial instruments and legal documents employed for employee compensation and benefits.