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Question 1 (0.4 points) John is an employee of QR Systems, and is a member of the firms deferred profit sharing plan (DPSP). QR has
Question 1 (0.4 points) John is an employee of QR Systems, and is a member of the firms deferred profit sharing plan (DPSP). QR has structured the plan with the maximum vesting period, and the details of the plan are such that QR contributes 2% of corporate profits. John is wondering about the tax consequences and details of his plan. What should John be aware of in this case? 1) John will not have ownership of QRs contributions for 36 months 2) Contributions made to the DPSP by QR are taxable to John 3) QR contributions result in a pension adjustment reversal (PAR) for John 4) The amount that QR contributes to Johns DPSP could fluctuate each year
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