This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements about the minimum vesting standards for a qualified defined ... (Read 69 times)

Mr3Hunna

  • Hero Member
  • *****
  • Posts: 536
on: Jul 11, 2018
Which of the following statements about the minimum vesting standards for a qualified defined benefit plan is (are) true?
 
  I. Under cliff vesting, an employee must be at least 50 percent vested after 5 years of service.
  II. Under graded vesting, an employee must be at least 20 percent vested after 3 years of service and 100 percent vested after 7 years.
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

Under a unit-benefit formula, benefits are a function of both
 
  A) earnings and years of service.
  B) age and earnings.
  C) age and gender.
  D) years of service and position within a firm.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Zack0mack0101@yahoo.com

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: A


Mr3Hunna

  • Member
  • Posts: 536
Reply 2 on: Jul 11, 2018
Gracias!

lkanara2

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Which of the following statements is true of linkage? Which of the following statements is true of linkage?
At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
A typical J2534 universal reprogrammer that uses the J2534 standards. A typical J2534 universal reprogrammer that uses the J2534 standards.
How to convert verbal statements into algebraic equations (Part 1) How to convert verbal statements into algebraic equations (Part 1)
E9-23 Prepare income statements Explain the difference in operating income E9-23 Prepare income statements Explain the difference in operating income
What is the minimum uncertainty in its position? What is the minimum uncertainty in its position?
Video: Chemical Messengers Animation

For a complete list of videos, visit our video library