Multiple Choice
A publicly traded Canadian corporation provides employees with one year of continuous service and the opportunity to place 6% of their pre-tax income in a plan that may be invested in the company's stock.Furthermore,the company matches the shares by 50% up to a limit of 4% of the employees' pre-tax income.From the perspective of the employee,what are the potential drawbacks of participating in this program?
A) Administrative costs associated with these plans are normally very high.
B) It is extremely difficult for an employee to determine the performance of their stock.
C) They pose too much of a tax burden.
D) If the company does poorly,your job and savings may be at risk.
Correct Answer:
Verified
Correct Answer:
Verified
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