777HRMMedium
A tax deductible bonus plan according to which employers contribute to a trust for later use for employees is classified as?
Aemployee stock ownership plan
Bcash balance plan
Cearly retirement window plan
Dseverance pay plan
Correct answer
A. employee stock ownership plan
Explanation
employee stock ownership plan is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.