What are some of the significant tax benefits for both employees and employers associated with a qualified pension plan?
What will be an ideal response?
| • | The employer gets an immediate deduction for contributions to the plan. |
| • | Employer contributions for the benefit of the employee are not compensation to the |
| • | Earnings from investments held by the plan are not subject to tax until distributed. |
| • | Plan assets or earnings are not taxable to employees until the amounts are distributed. |
Business
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a. statistics b. quotes c. examples d. all of the above
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Answer the following statement true (T) or false (F)
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