Barry’s Graphic Arts Studio sponsors a qualified profit sharing plan. The plan requires employees to complete one year of service and be 21 years old before entering the plan. The plan has two entrance dates per year, January 1st and July 1st. Assuming that today is December 15, 2021 and the Studio has the following employee information, which of the following statements is correct? EMPLOYEE AGE START DATE

Barry 35 1/1/2015
Del 34 8/1/2015
Karen 24 6/1/2016
Jenn 18 5/1/2015

a. Two people have entered the plan.
b. The qualified plan must provide participants with 100% vesting upon entering the plan because of the eligibility requirements of the plan.
c. Del has not yet entered the plan.
d. Jenn entered the plan on July 1, 2021.

Which financial component is a mandatory deduction from your gross pay? a. sales tax b. social security tax c. health insurance d. disaster relief fund (drf) e. voluntary deduction

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities. required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.