Nondiscriminatory contribution formula

Assignment Help Financial Accounting
Reference no: EM133254110

Q1: Employer contributions t purchase life insurance within a qualified plan are not tax deductible. A. True B. False

Q2: A savings/match plan works best in a company that has

a. relatively youn employees

B. employees willing to accept investment risk

C. Employees who vary widely in their need or desire to save for retirement

D. all of the above

E. only b and c

Q3. The employer makes annual contributions to each employees account under a nondiscriminatory contribution formula that requires a contribution of specified percentage up to.

a. 5 percent

b. 25 percent

c. 20 percent

d. 50 percent

Q4 The owner of Appleton manufacturing has provided employees with a health care program that limits their out of pocket costs to an annual $500 deductible, a 10% match to the company's 401k plan, and a flexible spending account. during the past few years, employees have become increasingly vocal about what they consider to be low pay. which of the following steps in the employee benefit planning process has the owner of Appleton neglected?

a. formulate a new overall employee compensation plan

b. analyze existing plans to identify weaknesses and needs for revision

c. develop a program for periodic review of the plans

d. identify the employee's objectives; quantify and prioritize them

e. communicate the plan effectively

q5. when a husband and wife own property as tenancy by the entirety, creditors of one spouse can attach the other spouses interest in the property.

A. True

B. False

Reference no: EM133254110

Questions Cloud

Determine best basis for predicting machine repair costs : Estimating Machine Repair Costs In an attempt to determine the best basis for predicting machine repair costs, the production su- pervisor accumulated daily inf
What can lead to predictability of returns : 1. What can lead to predictability of returns? What is some evidence that supports this? (Much of the evidence is described in Literature Review section)
Metal rods-made of copper and made of aluminum : Two 48.2-cm metal rods, one made of copper and one made of aluminum, are placed end to end, touching each other.
Create a presentation for a wider audience-stakeholders : Create a presentation for a wider audience-stakeholders from inside and outside the company-and include your decisions and recommendations
Nondiscriminatory contribution formula : Q1: Employer contributions t purchase life insurance within a qualified plan are not tax deductible. A. True B. False
Compare walmart beta to other companies : You've been paired with a freshman who you mentor as they want to gain a career in Finance. Your mentee is very interested in investing in Walmart because they
What is international system of units : What is force? Identify several of the forces that are acting on or around you right now. What is the international system of units (SI)?
How much taxable income will mr jones be considered : Mr. Jones receives a demand loan from his employer, Doors and Things, of $100,000. He pays $2,000 of interest on the loan for a particular year.
Calculate each ratio in the column to the right : Calculate each ratio in the column to the right of your calculations. For example, for calculating the Gross Margin for a company, you would enter Gross Profit

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare the consolidation journal entries and consolidation

Prepare the consolidation journal entries and consolidation worksheet for the above entities.Adapted from Leo et al. (2009) Company accounting (8thed) John Wiley and Sons, Milton,Queensland.

  What is the purpose behind the small business deduction

If income is over the annual business limit should the company declare a bonus to reduce the income back down to the annual business limit?

  What was clarke cash flow from operations during quarter

What was Clarke's Cash Flow from Operations during the quarter ended 3/31/2015? Clarke Biscuits Inc. collected $100 of cash from customers

  Compute the debt to equity ratio and return on equity ratio

Compute the debt to equity ratio, return on equity ratio, interest coverage ratio, and price/earnings (P/E) ratio, as well as the dividend yield, and comment on the results.

  What is EZ Incnet cash provided by investing activities

EZ, Inc. had the following transactions during 2019: Proceeds from sale of Equipment P764,000. What is EZ Incnet cash provided by investing activities

  Why would reclassifying period costs as product costs

m.k. gallant is president of kranbrack corporation a company whose stock is traded on a national exchange. in a meeting

  How much total cash can east company expect to collect

How much total cash can East Company expect to collect in November? 30% in the month of sale, (All collections in the month of sale are subject to 1 percent)

  How can balance risk and return through portfolio

Use basic concepts (such as CAPM model, risk-return trade-off, portfolio theory) to discuss how can balance risk and return through portfolio diversification.

  What is the maximum investable funds that the firm expects

What is the largest cash deficit that the firm expects to suffer in the next year? What is the maximum investable funds that the firm expects?

  Prepare consolidation elimination journal entries for year

At 1 July 2016, all assets of Silver Ltd were fairly valued, Prepare the consolidation elimination journal entries for the year ending 30 June 2019

  Describe the evolving accounting standards for recording

Describe the evolving accounting standards for recording and translating foreign exchange related transactions and financial statements?

  Identify what ethical issues are involved

Identify what ethical issues are involved. Explain why. Advise the options available and what can be done.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd