Which one of the following is an advantage of a qualified plan in retirement benefits?
A. An immediate tax deduction for the funds employees contribute to the plan
B. Taxable earnings on the money in the retirement fund
C. Tax-free withdrawals for highly compensated employees
D. Employees need not contribute to the fund
E. Allows an organization to set up a retirement plan that provides benefits exclusively to its owners and top managers
Answer: A. An immediate tax deduction for the funds employees contribute to the plan
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a. $3,000 b. $2,600 c. $2,500 d. $1,600
Late majority customers are tolerant of products or services being offered as only one or two
variants. Indicate whether the statement is true or false