Chapter 32 - TOOLS & TECHNIQUES OF EMPLOYEE BENEFIT AND...

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9th Edition College Course Materials Deanna L. Sharpe, Ph.D., CFP®, CRPC®, CRPS® Associate Professor CFP® Program Director Personal Financial Planning Department University of Missouri-Columbia Please Note : Correct answers for each question are indicated in bold type. After each question, the number of the page containing information relevant to answering the question is given. When a calculation is necessary or the reasoning behind a given answer may be unclear, a brief rationale for the correct answer is also given. Part B: Employee Benefit Planning Cash Compensation Chapter 32: Severance Pay Plan True/False 32.1 Severance agreements can be negotiated individually with executives. 32.2 Unfunded severance pay plans assets can be accessed by creditors 32.3 If a severance pay plan is structured as a parachute, the employer deduction is limited and the employee is subject to penalty. Answers: 32.1 True [p. 315] 32.2 True [p. 315] 32.3 True [p. 316] Multiple Choice 32.4 In absence of a written severance pay plan, which of the following might the IRS deem is a severance pay payment? a.
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Chapter 32 - TOOLS & TECHNIQUES OF EMPLOYEE BENEFIT AND...

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