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Profit sharing is when an organization shares a portion of their profits with their employees. It is good because it encourages employees to increase their production. One downfall to it is the fact that money can't be used for research and development or hiring new employees.

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Q: What is profit sharing and discuss its merits and demerits?
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How does profit sharing work?

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If your fired from a job can the employer keep your profit sharing money?

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Differentiate between profit sharing and co-ownership schemes of incentives to labor?

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What has the author Carmine V Scudere written?

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If a person has a profit sharing plan at work can they still contribute to an IRA?

I don't see why not. It's your money and you can do whatever you want with it. It will not affect your Profit Sharing.


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