Under a Qualified Pension Plan

question 78

Multiple Choice

Under a qualified pension plan
I.The yearly earnings on the pension plan assets are taxable income to the employee.
II.An employer's contribution is not taxable income to the employee at the time of the contribution.
​

• A)Only I is correct.
• B)Only II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

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Definitions:

Turner Syndrome

A chromosomal disorder found among females that is caused by having a single X sex chromosome and is characterized by infertility.

Chromosomal Pattern

The specific arrangement and number of chromosomes found within an organism's cells, crucial for determining genetic traits.

Huntington's Disease (HD)

A genetic disorder causing the progressive breakdown of nerve cells in the brain, leading to physical, cognitive, and emotional symptoms.

Phenylketonuria (PKU)

A genetic abnormality in which phenylalanine builds up and causes intellectual disabilities.