Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. katerina nikic was hired by maple leaf sports &

Katerina Nikic was hired by Maple Leaf Sports & Entertainment (MLSE) as a soccer coach...

90.2K

Verified Solution

Question

Accounting

Katerina Nikic was hired by Maple Leaf Sports & Entertainment (MLSE) as a soccer coach and joined the defined contribution pension plan on January 1,2019, when she was first eligible. The plan, which had a two-year vesting schedule, required employee and employer contributions. Katerina then quit her job on June 30,2020, when she received a better salary from a competitor in Montreal. During the time that she participated in the MLSE pension plan, Katerina contributed $3,750 while her employer also contributed $3,750 on Katerina's behalf. Which of the following statements is true about what Katerina is entitled to from the MLSE pension plan?
Katerina is entitled to receive the current value of her $3750 contribution Katerina is entitled to $7500(plus interest) which is the total for both her, and her employer's, contributions
Katerina is entitled to get back her contribution of $3750(plus interest) and half of the amount contributed by MLSE
Katerina's termination prior to the end of the vesting period means that she is not entitled to any refund of contributions she has made into her plan
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Based on your knowledge and experience with techniques that inhibit neuromuscular tissue, how would you support...

Biology
1.2K views

Superoxide dismutase is a very unique protein. It is the only protein that can catalyze faster...

Psychology
1.2K views

You are the chief of police and received the news that you must cut 1,000,000 out...

Basic Math
1.2K views

1. The life expectancy and schooling data for 173 nations relating the response variable y...

Calculus
1.2K views

Use the Laws of Logarithms to evaluate the expression log2 10 log2 30 log2 48

Calculus
1.2K views

7 If y x sin sec x calculate y Answer y 2x sin sec x...

Accounting
1.2K views

34. Explain the concept of continuous auditing and its advantages over traditional audit methods.@###@@###@@@@@@

Accounting
1.2K views

When setting opening balances for Inventory QuickBooks Online (QBO) records. A.as a debit to...

Accounting
1.2K views

Maxim manufactures a hamster food product called Green Health Maxim currently has 10,000 bags of...

Accounting
1.2K views

please,need the answers in excel formula format EX: (B3+B4) for the yellow highlighted cells. Will...

Accounting
1.2K views

apter 11 Foundational 15 Help Save & Exit Submit Check my work 1 art 1...

Accounting
1.2K views

Who is the servant of the firm with a share in the profits? ...