Just Like Distributions from Qualified Retirement Plans, Distributions from Nonqualified

question 87

True/False

Just like distributions from qualified retirement plans, distributions from nonqualified deferred compensation plans are taxed as ordinary income to the recipient.

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Definitions:

Unlearned

Pertains to behaviors or responses that are natural, instinctual, and not acquired through learning or experience.

Person-centered

A therapeutic approach developed by Carl Rogers focusing on an individual's capacity for self-direction and understanding of his or her own development.

Gestalt

A theory that proposes objects are viewed holistically, emphasizing the whole is greater than the sum of its parts.

Behavioral

Pertaining to observable actions or responses in humans or animals.