The following information applies to a funded nonqualified deferred compensation plan that recently was adopted by Lacourt, Inc.: - The plan covers Jude, age 57, who will retire at age 65 under its terms; although Jude has no ownership interest in the company, he is a valued employee. - Jude's benefits are subject to forfeiture upon death or disability. - The employer's contributions are segregated into a separate account in Jude's name to prevent any default on future payments due to the claims of creditors. Which of the following explain the income tax consequences to Jude or Lacourt, Inc., of such an arrangement? I. The contributions made by Lacourt, Inc., are not currently taxable to Jude because he will not receive them until he retires at age 65. II. Because a beneficial interest in assets has been set aside from creditors' claims on Jude's behalf, that interest is currently taxable. III. Lacourt, Inc., will be entitled to take a deduction when an amount attributable to its contribution is included in Jude's gross income. IV. Although Jude has a beneficial interest in the segregated assets, that interest is not currently taxable to him because it is subject to substantial risk of forfeiture. A) II and III B) II, III, and IV C) I and IV D) I, II, and