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All of the following are TRUE of the federal tax advantages of a qualified plan EXCEPT
Options
A. Funds accumulate on a tax-deferred basis.
B. Employee and employer contributions are not counted as income to the employee for income tax purposes.
C. At distribution, all amounts received by the employee are tax free.
D. Employer contributions are tax deductible as ordinary business expense.
Answer: C. At distribution, all amounts received by the employee are tax free.
The above question All of the following are TRUE of the federal tax advantages of a qualified plan EXCEPT, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
