suppose you live through age 90. how much money will you be able to bequeath (i.e. pass on in your will)?

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Answer 1

It is impossible to answer this question as the amount of money you will be able to bequeath in your will depends on a variety of factors such as your income, savings, investments, and lifestyle.

The amount of money that you can bequeath depends on many factors such as your income, lifestyle, investments, and other sources of wealth. It is impossible to answer this question without knowing more information about your financial situation.

Depending on your resources, you may be able to leave a large sum or a small amount. Ultimately, the amount of money that you can bequeath will depend on your individual circumstances.

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Related Questions

as of december 31, of the prior year, brookshire company had assets of $925,000 and liabilities of $285,000. during the current year, the stockholders invested an additional $50,000 and paid dividends of $30,000 from the business. what is the net income for the company during current year, assuming that as of december 31, assets were $980,000, and liabilities were $255,000?

Answers

The net income for Brookshire Company during the current year is $65000. It can be calculated by subtracting the total liabilities from the total assets.

First, we subtract the liabilities from the assets of the prior year:

$925,000 - $285,000 = $640,000

Then, we add the additional investment of $50,000 and subtract the dividends of $30,000:

$640,000 + $50,000 - $30,000 = $660,000

Finally, we subtract the total liabilities of the current year from the total assets of the current year:

$980,000 - $255,000 = $725,000

The net income for Brookshire Company during the current year is $725,000 - $660,000 = $65,000. This means that the company earned $65,000 in net income during the current year.

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what is the best way to characterize the impact of existing impediments to globalization? multiple choice question. the impediments make it difficult for companies to maximize production activities. the impediments reduce the national differences in consumer tastes and preferences. the impediments make it significantly easier for firms to sell their products and services internationally. the impediments increase the economic and political stability among various countries.

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The impact of current barriers to globalisation is best described as "the barriers make it harder for corporations to maximise production operations."

The term "globalisation" describes the growing interdependence and connectivity of the world's economies, communities, and cultures as a result of advancements in technology, communication, and transportation. Increased global trade, investment, and the flow of products, services, and information are its defining characteristics. The effects of globalisation on economies, civilizations, and cultures are mixed. On the plus side, it may result in higher economic efficiency and growth, a wider selection of products and services for customers, and enhanced cross-cultural interaction. On the down side, it may result in the loss of jobs, stagnant wages, and cultural uniformity.

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sort the following scenarios into whether the change in quantity described is caused by a shift in the supply curve or movement along a supply curve.
A local Fight Club supplies less of its premium quality soap as a result of lower prices.

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The change in quantity supplied in this scenario is caused by a movement along the supply curve.

A movement along the supply curve occurs when there is a change in the quantity supplied due to a change in price, assuming all other factors remain constant.

In this case, the lower prices have caused the local Fight Club to supply less of its premium quality soap. This means that the company is moving up along its existing supply curve, reducing the quantity supplied in response to the lower prices. This movement along the supply curve occurs because as the price of the soap decreases, the Fight Club is willing to supply a lower quantity of soap due to lower profits.

It is important to note that if there were changes in other factors affecting supply such as cost of production, availability of raw materials, or technological advancements, then there could be a shift in the supply curve. However, based on the information provided, the decrease in quantity supplied is solely due to a movement along the existing supply curve.

In summary, the decrease in quantity supplied by the local Fight Club is caused by a movement along the supply curve due to lower prices.

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an economy experiencing falling​ demand, employment, and income is in which stage of the business​ cycle?

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Recession refers to the time period that follows the peak phase. The demand for goods and services starts to steadily and quickly decline at this point.

What does recession mean in everyday language?

A recession is characterised by a protracted period of weak or negative real GDP (output) growth and a notably higher unemployment rate. Numerous other economic activity indexes exhibit similar weakness during a recession. The World Bank projected the Indian economy's growth rate to be 6.5% for 2022-2023 on October 6, a 1% decrease from its June 2022 predictions due to the deteriorating global economic environment, whereas the IMF expected a growth rate of 6.8% in 2022.

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a business that buys goods from producers and sells them to retailers

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A business that buys goods from producers and sells them to retailers is known as a wholesaler. Wholesalers act as intermediaries between producers and retailers, providing a vital link in the supply chain.

They purchase goods in bulk from manufacturers and then sell them in smaller quantities to retailers who then sell the products to the end consumers. Wholesalers offer several advantages to producers and retailers. For producers, wholesalers provide an efficient way to distribute their products to a large number of retailers. This can help producers to expand their market reach and increase sales. For retailers, wholesalers offer a convenient way to source a wide range of products at competitive prices, allowing them to maintain a diverse inventory without the need to deal with multiple suppliers. Wholesalers also provide value-added services such as storage, packaging, and transportation of goods, which can help to reduce costs for both producers and retailers. Overall, wholesalers play a critical role in the distribution of goods and help to ensure that products are efficiently and effectively distributed to the end consumer.

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The practice of businesses paying bloggers to write positive comments about the business is called ______.

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The practice of businesses paying bloggers to write positive comments about the business is called "astroturfing."

The term comes from the brand name AstroTurf, which is a type of artificial grass often used on sports fields. Just as AstroTurf is intended to create the impression of a lush, green lawn, astroturfing is intended to create the impression of a grassroots movement or genuine public support for a business or product.

Astroturfing is considered a form of deceptive marketing, as it seeks to mislead consumers and shape their opinions by presenting them with biased or false information. Many countries have laws and regulations that prohibit astroturfing and other forms of deceptive marketing practices, and businesses that engage in such practices can face legal and reputational consequences.

As such, it is important for businesses to be transparent and honest in their marketing practices, and to foster genuine connections and relationships with their customers and stakeholders.

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what types of costs do firms incur when producing products? multiple select question. implicit explicit private

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Explicit costs are regular business expenses that are easy to track and may be seen in the general ledger.

What does "ledger" mean specifically?

A ledger is a book with many accounts used in accounting where transactions pertaining to one account are recorded. The big book of accounts or the book of final entry are two terms that are frequently used to describe it. This book is where all transactions are recorded, credit or debit.

Keeping track of financial transactions is done via ledgers, which can be written down or stored digitally. The ledger shows the beginning balance, any debits and credits to the account for the period, and the closing balance.

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The high-low method can be used to estimate the cost equation using just two points. True or False?

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True. The highest and lowest levels of activity or production over a specified time period are the two points that the high-low approach uses to estimate the cost equation.

The high-low approach is a cost estimation methodology that generates a cost equation from just two points. It is used to calculate the fixed cost portion of a cost as well as the variable cost per unit. Analyzing the change in total cost that results from changes in the intensity of activity, such as production or sales, is a key component of the technique. The two marks utilised are frequently the peak and trough of activity over a specific time period. The high-low method is a quick and easy way to estimate prices, but the findings might not always be the most accurate. To gain a more thorough grasp of a company's costs, it is generally used in conjunction with other cost estimation techniques.

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which legislation enacted in 1916 provides civilian employees of the federal government with medical care, survivors' benefits, and compensation for lost wages?

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The legislation enacted in 1916 that provides civilian employees of the federal government with medical care, survivors' benefits, and compensation for lost wages is the Federal Employees' Compensation Act (FECA).

The FECA is a federal law that establishes a comprehensive workers' compensation program for federal employees who are injured or become ill as a result of their employment.

The law provides compensation for wage loss, medical expenses, and vocational rehabilitation services to help injured workers return to their jobs or find new employment. The FECA is administered by the Office of Workers' Compensation Programs (OWCP), a division of the U.S. Department of Labor.

The FECA is an important federal law that helps protect the rights and well-being of federal workers and ensures that they are fairly compensated in the event of a work-related injury or illness.

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goshen industrial sales has sales of $828,900, total equity of $539,200, a profit margin of 4.6 percent and a debt-equity ratio of 0.55. what is the return on assets?

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The Return on assets = 4.56%

Return on assets is a metric that shows how profitable a company is in relation to its total assets.

Net Profit / Total Assets = Return on Assets

Net Profit = Revenue * Marin Profit

Net Profit = $828900 * 4.6%

Net Profit = $38129.40

Total assets equal total equity plus total debt.

Total assets = 539200 + (539200*0.55)

Total assets =$835760

Hence ,

Return on assets = 38129.40 / 835760

Return on assets =0.0456

Return on assets =4.56%

Management, analysts, and investors can use Return on assets (ROA) to determine whether a company's assets are being used efficiently to generate a profit.

Because they will have the same asset base, it is always best to compare the ROA of companies in the same industry. Return on assets (ROA) takes into account a company's debt, whereas the return on equity does not.

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if individuals view the procedures of dispute resolution as fair, then they will see the outcome as just, regardless of whether the dispute was resolved in their favor or not. this perspective is referred to as

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According to procedural justice theories, if people believe that the dispute-resolution or decision-making processes are fair, they will also believe that the result is just, whether or not it benefits their side.

Which of following factors does the Supreme Court consider when deciding whether to hear a case?

The "Rule of Four" is used by the Justices to determine whether or not to take the case. A writ for certiorari will be issued if four out of nine Justices believe the case has merit. The lower court is required by law to submit the high court the case's documents so they can review them.

Does Congress approve or reject judge appointments through the judicial review process?

The procedure thru which Government authorizes or opposes judicial appointments is known as judicial review. The term "jurisdiction" refers to a person's ability to petition a court. Any court has jurisdiction over any type of property.

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MC Qu. 18 When a nation puts government-backed... When a nation puts government-backed insurance programs in place to cover major types of foreign Investment risk, it has the effect of Multiple Choice restricting outward Fol by a host country restricting outward FDI by a home country restricting inward FDI by a host country encouraging inward Foi by a host country encouraging outward Forty a home country

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The correct answer is "encouraging outward FDI by a home country".

When a nation puts government-backed insurance programs in place to cover major types of foreign investment risk, it reduces the risk associated with foreign investments for firms in the home country.

This, in turn, encourages firms to invest more in foreign countries, leading to an increase in outward foreign direct investment (FDI) by the home country.

Restricting outward FDI by a home country, restricting inward FDI by a host country, or restricting outward FDI by a host country are not the effects of putting government-backed insurance programs in place. Encouraging inward FDI by a host country is also not a direct effect of such programs.

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a price increase in the market for raisins results in: group of answer choices an increase in supply an increase in quantity supplied a decrease in supply a decrease in quantity supplied

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The amount of raisins demanded increases when the price of raisins rises on the market.

If a commodity's price decreases, consumers have to spend less money to buy it, allowing them to purchase a larger amount of the commodity with the money they have saved. We refer to this as the income effect.

In the case of complementary commodities, demand for one good increases as the cost of the other good decreases. The need for gasoline will increase if the price of the car decreases, which will increase demand for cars. This will lead the demand curve for the given commodity to shift to the right, and vice versa.

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according to the law of demand: please choose the correct answer from the following choices, and then select the submit answer button. answer choices a decrease in quantity demanded can arise from a decrease in price. an increase in quantity demanded can arise from a decrease in price. changes in price do not change quantity demanded. an increase in quantity demanded can arise from an increase in price.

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The correct option is b. An increase in the price of the complements factor decreases demand.

In economics, the call for is the quantity of a terrific that purchasers are inclined to and capable of purchasing at various charges all through a given time. the relationship between price and quantity called for is also referred to as the call for the curve. call for a particular item is a feature of an object's perceived necessity, fee, perceived pleasant, comfort, available alternatives, purchasers' disposable earnings and tastes, and plenty of different alternatives.

In economics, the call for the curve is the graphical illustration of the relationship between the charge and the quantity that purchasers are willing to buy. The curve suggests how the rate of a commodity or service modifications as the quantity demanded will increase. each point on the curve is a number of consumer calls for and the corresponding marketplace charge. The graph suggests the regulation of call for, which states that humans will purchase much less of something if the charge goes up and vice versa.

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Complete Question:

Which factor decreases demand?

Please choose the correct answer from the following choices, and then select the submit answer button.

A). an increase in income

B). increase in the price of complements

C). a decrease in natural resources

D). a decrease in input prices

A voluntary association is typically a nonprofit organization formed to pursue some common interest.
T/F

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The statement is true i.e., A voluntary association is a typical nonprofit organization formed to pursue some common interest.

What does economics mean by voluntary association?

A voluntary association is one that was established for non-profit purposes and is listed in the National Board of Patents and Registration's registry of associations by at least three private individuals who want to join it as members or by an agreement of a company or foundation.

What do non-profit organisations do?

In modern civilizations, voluntary associations are utilised to fill the same social needs, psychological gaps, and personal wants that traditional communities were intended to fill. They are public organizations. Members are unpaid volunteers who contribute to a common cause.

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what term describes a statistical method that shows the proportion (or number) of employees in different job categories at different times? multiple choice question. leading indicator transitional matrix strategic plan forecasting method

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The term transitional matrix refers to a statistical technique that displays the percentage (or total number) of workers in various employment categories across time.

The required details about transitional matrix is mentioned in below paragraph.

A Markov transition matrix is a square matrix that represents the chances of changing states in a dynamic system. The probability of transferring from the state represented by each row to the other states are listed in each row. As a result, a Markov transition matrix's rows all add up to one. If a power of P has only positive entries, then a transition matrix P is said to be regular. If a Markov chain's transition matrix is regular, the chain is a regular Markov chain. As an illustration, the entries of the matrix D will always be positive if you take its successive powers (or so it appears).

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86.0% complete question perry operates in-n-out pharmacy, a sole proprietorship. in-n-out sponsors a profit sharing plan. perry had net income of $205,000 and paid self employment taxes of $23,197 (assumed) during the year. if perry makes a 15% of salary contribution on behalf of all of his employees to the profit sharing plan, how much is the contribution to the profit sharing plan on behalf of perry?

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The concept is a Profit-sharing plan, a retirement plan that gives employees a share in the company's profits. Contribution to the incentive plan is $30,750.

The Profit Sharing Plan is a pension plan that allows employees to share in the company's profits. In this type of plan, also called a Deferred Profit Sharing Plan (DPSP), the employee receives a percentage of the company's profits based on quarterly or annual profits.

Profit shares are tax-deductible up to 25% of the salary paid to all employees in the financial year. This means that profit-sharing can help reduce a company's tax burden while increasing employees' retirement savings - a real win-win situation.

Given:

self-employment tax = $23,197 (assuming)

net income = $205,000

wage contribution = 15%

Therefore: Contribution = 15% of net profit

= 205,000 * 15%

= $30,750.

Perry's contribution is then $30,750.

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which of the following are components of the cvp graph? (select all that apply) multiple select question. total cost line break-even point variable cost line fixed cost line break-even line total profit line total sales line

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variable expense ratio and the CM ratio. Inflection region (in units or dollars) safety buffer. alterations in net income

What is the CVP analysis graph method?

This line graph above the x-axis in the graph approach of CVP analysis reflects this fixed cost line. The effect of output level changes on operational income is depicted by a profit-volume graph. The effect of output level changes on operational income is depicted by a profit-volume graph.

What ideas underpin CVP analysis?

A margin contribution statement is used in the gross margin profit (CVP) analysis. Cost behavior is the foundation of cost volume profit analysis. The way a cost responds to variations in either sales or production volume is known as its behavior. Cost behavior might be fixed, variable, or mixed.

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all of the following are functions of management except . question 37 options: a) planning b) conceptualizing c) leading d) controlling e) organizing

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b) conceptualize all of the following are management functions except.At the most fundamental level,management is a discipline consisting of a set of five general functions.

Management is defined as the process of organizing,directing,planning, and controlling the efforts of organizational members and managing organizational resources to achieve particular goals.The four most common types of managers are top managers, middle managers, first line managers, and team leaders.They foster goals, key plans, organizational strategies, and set options throughout the business.Management is considered a continuous activity made up of basic management functions which are Planning,Organization,Staffing, Direction and Control. Managers must perform all of these functions to achieve the desired organizational goal. Management by Exception (MBE) is an employee empowerment and management style,policy,or philosophy in which managers intervene only when their employees fail to meet their performance standards or when things go wrong.

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which of the following statements is true regarding the individual income tax formula? multiple choice question. a taxpayer may deduct the greater of his standard deduction or his itemized deductions for agi to arrive at adjusted gross income. a taxpayer may deduct the greater of his standard deduction or his itemized deductions from agi to arrive at taxable income. a taxpayer may deduct the greater of his standard deduction or his total adjustments (above the line) for agi. a taxpayer may deduct the greater of his standard deduction or his total deductions (below the line) from agi.

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The greater of a taxpayer's itemized deductions or standard deduction may be taken from AGI to assess taxable income. For an individual tax calculation, the following claims are accurate.

A taxpayer is what?

A taxpayer is a person or a company that must pay taxes to the federal, state, or municipal governments. Governments mostly derive their income from taxes on both citizens and businesses.

What are you expected to do as a taxpayer?

Lesson 3: The Duties of the Taxpayer. It is the taxpayer's duty to record all income under the voluntary compliance principle that underpins the U.S. tax system. Tax avoidance is forbidden. By neglecting to disclose all or part of their income, some persons attempt to avoid paying taxes.

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talib was starving as he got on the crowded bus with a greasy cheeseburger he had just purchased. as tempting as it was to eat his messy meal right then and there, he worried what the other passengers might think of him if he did so, and decided to wait until he got home. as illustrated here, talib is fully socialized because he has developed a concept of

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Talib is fully socialized because he has developed a concept of the generalized other.

How and why do we utilize buy?

Additionally, when a noun form is required, you should use "buy," as it is in: You made a wise purchase when your bought petrol before the price increased. Use "buy" for straightforward activities and "buying" for more organized exchange of money for products.

How do sales and purchases work?

A person can get the ownership of certain items or properties in her name from another party through the procedure of purchase in exchange for payment of money. Similar to this, a sale is a procedure where ownership of some commodities or assets is transferred by one people (the seller) to that other person (the buyer) in exchange for a fee.

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Complete question:

Talib was starving as he got on the crowded bus with a greasy cheeseburger he had just purchased. As tempting as it was to eat his messy meal right then and there, he worried what the other passengers might think of him if he did so, and decided to wait until he got home. As illustrated here, Talib is fully socialized because he has developed a concept of

concerted cultivationthe generalized otherimitationsocialization

The account used to summarize the owner's equity in a business is called capital.a. trueb. false

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a. true. The account used to summarize the owner's equity in a business is commonly referred to as "capital."

It represents the residual interest in the assets of the business after deducting its liabilities.

In a business, the owner's equity represents the amount of money or assets that the owner has invested in the business, along with any profits or losses earned by the business. The account used to summarize this equity is commonly referred to as "capital." This account represents the ownership interest of the business owner, and it is typically listed on the balance sheet alongside the business's assets and liabilities. By tracking the capital account, the owner can see how much of their own money is tied up in the business, and how much the business is worth overall.

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A plantwide overhead rate based on direct labor hours is ______ appropriate.
Multiple choice question.
sometimes
never
always

Answers

Answer: sometimes

Explanation:

Wollogong group limited of new south wales, australia, acquired its factory building 10 years ago. for several years, the company has rented out a small annex attached to the rear of the building for $30,000 per year. the renter’s lease will expire soon, and rather than renewing the lease, the company has decided to use the annex to manufacture a new product. direct materials cost for the new product will total $80 per unit. to have a place to store its finished goods, the company will rent a small warehouse for $500 per month. in addition, the company must rent equipment for $4,000 per month to produce the new product. direct laborers will be hired and paid $60 per unit to manufacture the new product. as in prior years, the space in the annex will continue to be depreciated at $8,000 per year. the annual advertising cost for the new product will be $50,000. a supervisor will be hired and paid $3,500 per month to oversee production. electricity for operating machines will be $1.20 per unit. the cost of shipping the new product to customers will be $9 per unit. to provide funds to purchase materials, meet payrolls, and so forth, the company will have to liquidate some temporary investments. these investments are presently yielding a return of $3,000 per year.Required:Describe each of the costs associated with the new product decision in four ways.

Answers

The Wollogong Group Limited of New South Wales, Australia has decided to manufacture a new product in the annex that was previously rented out.

The company has identified various costs associated with the new product decision, including direct materials cost, rent of warehouse and equipment, direct labor cost, depreciation expense, advertising cost, supervisor salary, electricity cost, shipping cost, and opportunity cost.

Direct Materials Cost: $80 per unit. Variable, Direct cost.Rent of Warehouse: $500 per month. Fixed, Indirect cost.Rent of Equipment: $4,000 per month. Fixed, Indirect cost.Direct Labor Cost: $60 per unit. Variable, Direct cost.Depreciation Expense: $8,000 per year. Fixed, Indirect cost.Advertising Cost: $50,000 per year. Fixed, Indirect cost.Supervisor Salary: $3,500 per month. Fixed, Indirect cost.Electricity Cost: $1.20 per unit. Variable, Direct cost.Shipping Cost: $9 per unit. Variable, Direct cost.Opportunity Cost: $3,000 per year. Opportunity cost.

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karume starts his own business as a sole proprietor. this form of business has the advantage of .

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Karume starts his own business as a sole proprietor. The advantage of this type of business is that he will get all the profits of the business and he is the sole owner of the business.

What is a business?

A business is an organization that engages in commercial, industrial, or professional activities with the aim of earning a profit.

The primary objective of most businesses is to create and deliver products or services that meet the needs or wants of their customers while generating revenue and profits for the owners or shareholders.

Th business that Karume start is sole proprietorship. He gets  all the profits  of the business by himself and he is the only  owner of the business.

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Which of the main components of money management includes cash flow statements of income and expenses?
OA. financial records
OB. personal financial statements
O C.
budgeting
OD.
filing taxes

Answers

Answer:

Explanation:

The main component of money management that includes cash flow statements of income and expenses is OB. personal financial statements.

Personal financial statements provide a snapshot of an individual's financial situation and help to track their income, expenses, and net worth. Cash flow statements are an important part of personal financial statements and provide detailed information about an individual's sources of income and their monthly expenses. By keeping a record of cash flow, individuals can see where their money is going and make informed decisions about spending and saving.

what are some advantages experienced by pioneer firms over later entrants? (choose every correct answer.)

Answers

more prone to develop brand aficionados. -Establish a sizable market share advantage. -Easier for clients to identify

The ability for a corporation to expand is one advantage of technological growth, right?

or products that significantly alter both the rules of the market and client preferences, as well as whole new markets. One advantage of product innovation is the capability of a corporation to specialize into new product categories.

What ways do early adopters play a key role in the advertising of new brands?

An early adopter is someone who tests new things before the majority of clients do. Early adopters are essential to a product with respect because they inform companies and other customers about how the product will function in practical scenarios.

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the labor force is the sum of the ? a. number of employed people and the number of unemployed people. b. total population and the number of unemployed people. c. working-age population and the number of unemployed people. d. number of employed people and the working-age population.

Answers

(a) The number of people employed and the number of people unemployed in the labor force is the sum.

The labor force is the sum of the employed plus the unemployed,and the unemployment rate is the number of unemployed divided by the number in the labor force. People are considered employed if they work at least one hour for wages or in their own business at any time of the week, including the twelfth day of the month.The labor force comprises those who are employed and those who are interested in working and looking for suitable employment. Therefore, it includes both employed and unemployed citizens.Labor force participation rates are calculated as the labor force divided by the total working-age population.The working-age population refers to people between the ages of 15 and 64. This indicator is broken down by age group and is measured as a percentage of each age group.The measure used to provide the proportion of the total number of working-age population that is a member of the labor force is known as the labor force participation rate.

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in a small, closed economy, national income (gdp) is $350.00 million for the current year. individuals have spent $100.00 million on the consumption of goods and services. they have paid a total of $60.00 million in taxes, and the government has spent $75.00 million on goods and services this year. use this information and the national income identity to answer the questions. how much is spent on investment in this economy?

Answers

By using the given information and the national income we have calculated that  $175 million is spent on investment in the economy.

The given data is as follows:

The national income (GDP) = $350.00 million

Money spent = $100.00 million

Taxes = $60.00 million

The government spent = $75.00 million

The computation of amount spent on the investment is calculated by using the formula,

GDP = Consumption + Investment + Government purchase + Net exports

Here, the investment amount is the unknown term and all the remaining values are known terms.

$350.00 million = $100 million + investment + $75 million

investment = $350.00 million - $175 million

investment = $175 million

Therefore, we can conclude that $175 million is spent on investment in the economy.

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a(n) is a scheme that allots to employees ever-improving employment rights and benefits as their relative lengths of pertinent employment increase.group of answer choicesseniority systemaffirmative action planpreferential selection systemdiscrimination avoidance plan

Answers

A(n) A.Seniority  system is a scheme that allots to employees ever-improving employment rights and benefits as their relative lengths of pertinent employment increase.

A seniority system is a type of employment system where an employee's length of service with an organization determines their level of benefits, rights, and job security. As an employee's tenure increases, so do their entitlements, which may include increased pay, vacation time, health benefits, retirement benefits, and greater job security.

Therefore, a seniority system is a scheme that provides employees with ever-improving employment rights and benefits as their length of service with an organization increases, as stated in the question. The other answer choices, such as affirmative action plans, preferential selection systems, and discrimination avoidance plans, do not necessarily relate to the provision of employment rights and benefits based on seniority.

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