Contributions to noncontributory Defined Contribution (DC) Plans are made by which of the following?

A) paycheque deductions from all workers in Canada
B) individual employers
C) the federal government
D) all employers in a given sector
E) the individual employee

Question

Kelsey Nallon · Accepted Answer

Final Answer : B, Explanation :  Contributions to noncontributory DC Plans are typically made solely by individual employers, meaning that the employer contributes to the plan on behalf of their employees without requiring any contribution from the employees themselves. The contributions made by the employer may be a fixed amount or may be tied to the employee's salary or length of service with the company. Noncontributory DC Plans are not funded by paycheque deductions from all workers in Canada, the federal government, all employers in a given sector, or the individual employee.

Contributions to noncontributory Defined Contribution (DC) Plans are made by which of the following?

A) paycheque deductions from all workers in Canada
B) individual employers
C) the federal government
D) all employers in a given sector
E) the individual employee

Definitions

Learning Objectives

Learning Objectives

Related questions

Contributions to noncontributory Defined Contribution (DC) Plans are made by which of the following?A) paycheque deductions from all workers in CanadaB) individual employersC) the federal governmentD) all employers in a given sectorE) the individual employee

Definitions

Learning Objectives

Learning Objectives

Related questions

Contributions to noncontributory Defined Contribution (DC) Plans are made by which of the following?

A) paycheque deductions from all workers in Canada
B) individual employers
C) the federal government
D) all employers in a given sector
E) the individual employee