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Which of the following statements regarding tax advantages of a qualified plan is (are) correct? I. Investment income earned on qualified plan assets is eventually

Which of the following statements regarding tax advantages of a qualified plan is (are) correct?

I. Investment income earned on qualified plan assets is eventually distributed tax-free to the participant.

II. Employer contributions to a qualified plan are taxable to an employee at the time contributions are made.

-I only

-Both I and II

-Neither I nor II

-II only

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