Under a Nonqualified Pension Plan

question 8

Multiple Choice

Under a nonqualified pension plan
I.The yearly earnings on the pension plan assets are taxable income to the employee.
II.An employer's contribution is taxable income to the employee at the time of the contribution.
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• 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:

Nonverbal Messages

Communication without words, including gestures, facial expressions, and body language, conveying meaning.

Visual Kinesic Communication

Communication through visual non-verbal cues, such as body language, gestures, and facial expressions, which convey messages without the use of words.

Gestures

Movements of parts of the body, especially the hands or head, to express ideas or emotions.

Attire

The clothes or outfit that a person wears.