Which are the main types of profit sharing plans?
A) current assessment plan,deferred plan,and blended plan
B) deferred plan,cash plan,and group plan
C) combination plan,deferred plan,and current distribution plan
D) current distribution plan,combination plan,and employee plan

Question

Quizplus · Accepted Answer

The main types of profit sharing plans are combination plan, deferred plan, and current distribution plan. Option A is incorrect as it lists "blended plan" which is not a commonly used term in profit sharing plans. Option B is also incorrect as it lists "cash plan" and "group plan" which are not specific types of profit sharing plans. Option D is incorrect as it includes "employee plan" which is vague and not specific to profit sharing plans.

Which Are the Main Types of Profit Sharing Plans