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Raoul runs a small manufacturing company and would like to ensure that two of his key employees stay with the company. You are recommending that he consider the advantages of a Deferred Profit Sharing Plan (DPSP). All of the following is true about a DPSP, except: Select one: a. Contributions on behalf of an employee reduces the amount that can be contributed to an individual RRSP b. If the company earns a profit in any given year, contributions must be made to the plan for the chosen employees O c. The sponsor of the DPSP decides which employees are eligible for plan membership d. Contributions are only made by the employer

Raoul runs a small manufacturing company and would like to ensure that two of his key employees stay with the company. You are recommending that he consider the advantages of a Deferred Profit Sharing Plan (DPSP). All of the following is true about a DPSP, except: Select one: a. Contributions on behalf of an employee reduces the amount that can be contributed to an individual RRSP b. If the company earns a profit in any given year, contributions must be made to the plan for the chosen employees O c. The sponsor of the DPSP decides which employees are eligible for plan membership d. Contributions are only made by the employer

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter9: Decision Making Under Uncertainty
Section: Chapter Questions
Problem 37P
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Raoul runs a small manufacturing company and would like to ensure that two of his key employees stay with the company. You are recommending that he consider the advantages of a Deferred Profit Sharing Plan (DPSP). All of the following is true about a DPSP, except: Select one: a. Contributions on behalf of an employee reduces the amount that can be contributed to an individual RRSP b. If the company earns a profit in any given year, contributions must be made to the plan for the chosen employees c. The sponsor of the DPSP decides which employees are eligible for plan membership d. Contributions are only made by the employer
Transcribed Image Text:Raoul runs a small manufacturing company and would like to ensure that two of his key employees stay with the company. You are recommending that he consider the advantages of a Deferred Profit Sharing Plan (DPSP). All of the following is true about a DPSP, except: Select one: a. Contributions on behalf of an employee reduces the amount that can be contributed to an individual RRSP b. If the company earns a profit in any given year, contributions must be made to the plan for the chosen employees c. The sponsor of the DPSP decides which employees are eligible for plan membership d. Contributions are only made by the employer
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