In a "qualified tax-deferred" retirement plan, taxes are deferred on

A)

employer contributions and interest earned by the retirement fund.
B)

only employer contributions.
C)

only interest earned by the retirement fund.
D)

only employee contributions.

A

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The concept of "limited liability" of a corporation means that if, during any year, the company's costs exceed its revenue, the company is not liable for the difference even if its assets are greater than its liabilities.

a. true b. false

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In Marbury v. Madison, the U.S. Supreme Court held that the Supreme Court has the power to reviewstatutory law to determine if it is constitutional

a. True b. False

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