Easily Hide Dropdown from the Profit Sharing Agreement

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How to Hide Dropdown from the Profit Sharing Agreement

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in this video were going to focus on how we can create a select button and when we select yes here it will start to show alternative options here related to the question so for example do you have a car yes if i say no what happens now is the select option for the branch disappears so lets put it back here you can see here and there we are lets start to explore how to do this so lets start to explore how to show and hide the drop down based on the value of another drop down first thing what we need to do is create a two drop down so imagine here im going to create a question here for example a paragraph here do we have a car okay car and then here what im going to do is im going to create two select and within the select we have options and were going to put in here an option first one would be please select and then what i will say here value will be equal to nothing so theres no value in here and then im going to copy this twice more and here i will say for example yes and

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What happens to my profit-sharing if I get fired?

For terminated defined contribution plans (for example, 401(k), 403(b) or profit-sharing), participants generally receive the full amount of their vested account balance upon plan termination.

What is a weakness of profit sharing plans?

The weakness of profit-sharing plans is that individual employees cant see how their own work and actions impact the profitability of the company. Consequently, while employees enjoy receiving their profit-sharing money, it gradually becomes more of an entitlement than a motivational factor.

What are the rules for profit-sharing?

If you, the employer, make contributions to a profit sharing plan, you can deduct up to 25 percent of the compensation paid during the taxable year to all participants. Your contributions to the plan can either be fully vested (nonforfeitable) when made, or they can vest over time ing to a vesting schedule.

Does profit-sharing have to go to all employees?

All eligible employees are eligible to receive an employer discretionary profit sharing contribution. Its up to the employer to decide how much of its profits it wishes to contribute, and theyre capable of changing this amount.

Can an employer keep your profit-sharing?

Employees do not have to take distributions from profit-sharing plans. If an employee leaves their job, they can take their 401(k) money or leave it in the plan. If an employee leaves their job, they cannot take their profit-sharing money.

Who owns a profit-sharing plan?

A profit-sharing plan is a retirement plan that allows an employer or company owner to share the profits in the business, up to 25 percent of the companys payroll, with the firms employees. The employer can decide how much to set aside each year, and any size employer can use the plan.

Can you take your profit-sharing?

In general, making a withdrawal from your profit-sharing plan for a down payment (or anything else) before you docHub 59 means youll pay a penalty on the funds. Employees may also be subject to vesting requirements. Other alternatives include taking a loan from the plan, but not all employers allow this option.

Can you exclude employees from profit-sharing?

A profit-sharing plan is very flexible. You can exclude employees who work less than 1,000 hours per year; exclude employees who are under age 21, use vesting to reward longer-term employees, allow participant loans, and provide lump-sum distributions.

How is profit-sharing paid out?

Profit sharing plans let businesses share a certain percentage of the companys annual profits with their employees. Businesses sharing profits with employees typically do so in cash, payments to retirement plans or by issuing company stocks or bonds.

What are the restrictions on profit sharing plans?

Contribution Limits ∎ 100 percent of the participants compensation, or ∎ $61,000 for 2022 and $66,000 for 2023. If you, the employer, make contributions to a profit sharing plan, you can deduct up to 25 percent of the compensation paid during the taxable year to all participants.

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