Some tax rules can be justified on multiple grounds $($e$.$g$.,$ economic and social$).$

Keeping in mind this connection, select either "Yes" or $"$No$"$ to indicate possible justifications for the rules governing the following items.

Question Content Area

a$.$Pension plans

$$Private retirement plans are not encouraged since they compete with the Social Security system.

$$When an employer makes a contribution for an employee to a qualified pension or profit sharing plan, that contribution and any income it generates are not taxed to the employee until the funds are distributed.

Question Content Area

b$.$Education

$$The various tax credits, deductions, and exclusions that are designed to encourage taxpayers to obtain additional education can be justified on both social and economic grounds.

$$The education tax incentives cannot be justified on both social and economic grounds since they benefit only the individual.