Answered

Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Our Q&A platform offers a seamless experience for finding reliable answers from experts in various disciplines. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

A plan that uses a formule to determine how much money an employee will
earn upon retirement is called a
plian
A defined contribution
B. tox-deferred
OC. defined benefit

Sagot :

GinnyAnswer

Final answer:

A defined contribution plan uses a formula to calculate an employee's retirement earnings with fixed contributions from the employer and often the employee as well.


Explanation:

A defined contribution plan uses a formula to determine how much money an employee will earn upon retirement. In these plans, the employer contributes a fixed amount regularly, and the employee may also contribute. Examples include 401(k) and 403(b) plans.


Learn more about defined contribution plans here:

https://brainly.com/question/42752931


We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.