Marta is 52 years of age and expects to retire from her current employer at age 65.
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Marta is 52 years of age and expects to retire from her current employer at age 65. Marta’s employer contributes $2,000 to a qualified retirement plan for Marta’s benefit in the current year. How will Marta’s employer treat the contribution?
a. The $2,000 is never deductible.
b. The $2,000 is deductible in the current year by the employer.
c. The $2,000 is deductible in the year Marta retires by the employer.
d. Only one-twentieth ($100) is deductible in the current year by the employer.
e. None of the above
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Related Book For
Income Tax Fundamentals 2019
ISBN: 9781337703062
37th Edition
Authors: Gerald E. Whittenburg, Steven Gill
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