Exam Simulation for United States Distribution Planning
Question 6 of 48. Select Your Answer!
Quit
A corporation contributes 10% of each participant's compensation each year to the plan,
provided that the company's profits for the fiscal year ending immediately prior to the beginning of
such plan year were at least sufficient to make the contribution. This is an example of
contributions made on a/an
A
Annual declaration with a default provision basis.
B Percentage of compensation, contingent on profits basis.
Percentage of compensation basis, regardless of profits.
D
Percentage of profits basis.