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Characteristics of a properly structured nonqualified plan include which of the following? 1) Fully secured benefit promises 2) Deferral of taxation until benefit receipt A)1

Characteristics of a properly structured nonqualified plan include which of the following?

1) Fully secured benefit promises

2) Deferral of taxation until benefit receipt

A)1 only

B) 2 only

C) Both 1 and 2

D) Neither 1 nor 2

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