If an Employer Makes a Contribution to a Qualified Retirement

question 48

True/False

If an employer makes a contribution to a qualified retirement plan on behalf of an employee, the amount is currently deductible by the employer, and the employee must include the amount in gross income at the time the contribution is made.

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Definitions:

Tuareg Naming

A cultural practice among the Tuareg people, involving specific rituals and traditions associated with naming a child.

Muslim Ceremony

A religious or cultural ritual practiced within Islam, including events such as weddings, funerals, and Eid celebrations.

Gender

Societal roles, behaviors, and attributes a society considers appropriate for men, women, and other gender identities.

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