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Author Question: Leroy has a formal retirement plan based on his final years' average salary and years of service at ... (Read 85 times)

audragclark

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on: Jul 6, 2018
Leroy has a formal retirement plan based on his final years' average salary and years of service at Royce Pharmaceuticals. Which type of plan does Leroy most likely have?
 
  A) defined contribution
  B) defined benefit
  C) cash balance
  D) 401(k)

Question 2

Retirement plans that qualify for preferential tax treatment are referred to as ________.
 
  A) tax exempt plans
  B) qualified plans
  C) tax efficient plans
  D) nonqualified plans


firehawk60

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Reply #1 on: Jul 6, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: B


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