My brother-in-law worked as a full-time school teacher in San Diego for 35 years. When he completed his 35 years of service, he retired and now receives - - based on his salary and years of service - - $6,000 per month for the rest of his life. This type of employer-sponsored retirement plan is best described with which of the following phrases:
(A) Fixed compensation
(B) Defined benefit
(C) Perpetual benefit
(D) Contingent benefit
(E) Defined contribution
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “My brother-in-law worked as a full-time school teacher in San Diego for 35 years. When he completed his 35 years of service, he retired and ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The independent cases are listed below that includes all items relevant to operating activities: Case A Case B Case C Sales revenue $ 71,000 $ 61,000 $ 102,000 Cost of goods sold 38,000 29,000 68,200 Depreciation expense 10,600 2,600 26,600 Salaries
Answers (1)
12) The Ricardian two-country, two-good model predicts that there are potential benefits from trade, but NOT A) when both countries have the same types of technology available. B) when one country has significantly lower wages than the other country.
Answers (1)
The supply of loanable funds would shift to the right if either
Answers (1)
Public goods represent a market failure because a. positive externalities are created through their production. b. by their very nature they are nonexcludable and nonrival which makes it difficult for the private sector to supply them profitably. c.
Answers (1)
A firm has common stock with a market price of $100 per share and an expected dividend of $5.61 per share at the end of the coming year.
Answers (1)
New Questions in Business
Rules of Debit and CreditThe following table summarizes the rules of debit and credit. Indicate whether the proper answer is a debit or a credit.
Answers (1)
Around which latitude (s) would you expect to find rainforests, and why? (you may enter up to 150 characters.)
Answers (1)
An investor would like to invest $60,000 in two stocks from a list of six suggested by a broker. how many investments are possible if the investor wants to invest $50,000 in one stock and the rest in another
Answers (1)
Hubbard Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During January, the kennel budgeted for 2,100 tenant-days, but its actual level of activity was 2,060 tenant-days.
Answers (1)
Explain how to determine gross profit on an income statement by selecting the correct statement below. Cost of goods sold is added to net sales. Cost of goods sold is added to sales discounts. Sales is subtracted from cost of goods sold.
Answers (1)