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When a retirement plan is tax-qualified, A A) contributions made to the plan and earnings on plan assets are exempt from federal income taxation. B)

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When a retirement plan is tax-qualified, A A) contributions made to the plan and earnings on plan assets are exempt from federal income taxation. B) federal income taxes on contributions made to the plan and earnings on plan assets are not assessed until withdrawal at retirement. Oc) earnings on plan assets are subject to additional federal income taxes, C) including a higher tax rate. D) earnings on plan assets are subject to a lower federal income tax rate

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