Chapter 36 - 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 Equity Options Chapter 36: Employee Stock Purchase Plan (Section 423 Plan) True/False 36.1 An employee stock purchase plan is a plan for compensating a select group of employees by giving them the option to purchase company stock at a specified price. 36.2 An employee stock purchase plan is a tax deferred form of compensation. 36.3 An employee stock purchase plan generates little to no out-of-pocket cost to the company. Answers: 36.1 False [p. 329 – the plan is for a broad group of employees] 36.2 True [p. 329] 36.3 True [p. 329] Multiple Choice 36.4 An employee stock purchase plan is a tax-advantaged form of employee compensation that is most effectively used in a (an)
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Chapter 36 - TOOLS & TECHNIQUES OF EMPLOYEE BENEFIT AND...

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