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Each of the following are advantages of a qualified plan for either an employee or employer EXCEPT: 1. Distributions from a qualified plan will be
Each of the following are advantages of a qualified plan for either an employee or employer EXCEPT:
1. Distributions from a qualified plan will be nontaxable.
2. Employers may deduct the annual allowable contributions that they make for each plan participant.
3. In some cases, taxes may be deferred even further through a transfer into a different plan or an IRA account.
4.Contributions and earnings on those contributions are tax-deferred until withdrawn for each participant
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