Which of the following statements is true? O Currently, pension plans are more commonly established than profit sharing plans because they promote greater employee retention and allow employees to receive greater benefits. The earnings within a qualifhed plan each year are taxed to the plan sponsor, unless the plan sponsor elects to treat the earnings as employee compensation. o O Payroll taxes are payable on noncontributory plan allocations utions from qualified plans are usually subject to ordinary income tax but some may also be eligible for the reduced capital gains rates