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Question 21 Which of the following statements concerning qualified retirement plans is false? Group of answer choices Employer contributions are nondeductible in the year of

Question 21

Which of the following statements concerning qualified retirement plans is false?

Group of answer choices

Employer contributions are nondeductible in the year of payment.

None is false.

The plan is tax-exempt so that earnings can accumulate on a before-tax basis.

Employer contributions to the plan are not included in the employees' current gross income.

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