Answered

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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


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