Mikael opened a fabulous restaurant ten years ago. The food is so exceptional that the restaurant has become one of the top spots in the city. Mikael, age 55, is the sole owner with compensation of $265.000. Mikael's son Jamel, age 28, is the master chef with compensation of $100, 000. Jamel has been with the restaurant full time since he turned 18. Mikael also employs 15 other individuals whose ages range between 25 and 35 and have compensation on average of S40.000 per year. Mikael wants to establish a profit sharing plan. Which of the following statements is true? a. If Mikael selected the standard allocation method and the plan contributes 10 percent per individual, the plan will contribute $53.000 to Mikael's account. b. If Mikael selected the permitted disparity method and the plan contributes 10 percent per individual, the contribution (lie company makes for Mikael will be increased. c. Considering the needs and wants of Mikael and Jamel, an age-based profit sharing plan is the best plan for both of them. d. A new comparability plan is the least expensive, simplest way to meet both Mikael and Jamel's retirement needs