What is the difference between a profit-sharing plan and a salary reduction, or 401(k), plan?

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Personal Financial Planning

ISBN: 978-1305636613

14th edition

Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk

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Question Posted: May 09, 2017 10:38 AM

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What is the difference between a profit-sharing plan and a salary reduction, or 401(k), plan?

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A profitsharing plan may be qualified under the IRS and become eligible for essentially the same tax ...View the full answer

Personal Financial Planning

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