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Marie's Pastries Employee Census Ownership 100% 0 0 0 100% The company experiences very low turnover. Employee Age Compensation $200,000 Marie 55 38 $45,000 $28,000
Marie's Pastries Employee Census Ownership 100% 0 0 0 100% The company experiences very low turnover. Employee Age Compensation $200,000 Marie 55 38 $45,000 $28,000 $24,000 $297,000 Cheryl Jeff Ruby Total 42 34 Length of Service 30 Years 20 Years 14 Years 11 Years Marie, the sole shareholder in Marie's Pastries, is contemplating establishing a qualified plan. The corporation's employee census is above. Marie, a long-time widow, has always treated the employees like her family and the company has experienced very low turnover. She would like to use the retirement plan to assist her in transferring ownership interest to the employees as she is ready to retire. She has a strong preference for avoiding and deferring taxes. She is opposed to mandatory funding and indifferent to integration. Which plan would be appropriate for Marie? Please show your work. a. Stock bonus plan. b. Money purchase pension plan. c. Defined benefit plan. d. Employee stock ownership plan. E
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