Question: how do contributions to nonqualified plans differ from those to qualified plans? 1 . contributions to nonqualified plans are tax - deductible, while those to

how do contributions to nonqualified plans differ from those to qualified plans?1. contributions to nonqualified plans are tax-deductible, while those to qualified plans are not.2.contributions to nonqualified plans are made only by the employee, unlike qualified plans where both the employer and employee contribute. 3. contributions to nonqualified plans are not tax deductible and are subject to taxation in the year they are made. 4. both types of plans offer tax-free contributions and tax-free earnings

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