contestada

When an employer's contribution is used to buy stock in the company for its employees, it has a: A) 401(k) plan. B) Money-purchase plan. C) Profit-sharing plan. D) Salary-reduction plan. E) Stock bonus plan.

Respuesta :

When an employer's contribution is used to buy stock in the company for its employees, it has a 401(K) plan. Thus option (A) is correct.

What is 401(K) plan?

It is an retirement provided to all the employees by the employers  which is also an investment plan. Employees receive a tax credit on their contributions to a 401(k) plan.

Automatic contributions are taken out of employees' paychecks and invested in funds of their choosing.

A 401(K) plan exists when an employer's contribution is utilized to purchase company stock for its employees. As a result, choice (A) is right.

Learn more about 401(K) here:

https://brainly.com/question/27159207

#SPJ1

Otras preguntas