Question
Which of the following statements concerning the tax advantages of qualified retirement plans is not true? A. When the employee-participant retires and withdraws his benefts,
Which of the following statements concerning the tax advantages of qualified retirement plans is not true?
A. When the employee-participant retires and withdraws his benefts, the benefits will be subjected to taxation in the year of withdrawal the sponsor of the plan receives a deduction for contributions to the plan when the funds are withdrawn
B. Amounts contributed to the plan in any given year from an employee-participant's earned income are not subjected to income taxation in the year of the contribution
C. The plan's earnings are not taxed in the year they are earned.
D. All of the above are true
E. None of the above are true
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