Which of the following statements concerning qualified retirement plans is false? Group of answer choices Employer contributions
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Question:
Which of the following statements concerning qualified retirement plans is false?
Group of answer choices
Employer contributions are nondeductible in the year of payment.
None is false.
The plan is tax-exempt so that earnings can accumulate on a before-tax basis.
Employer contributions to the plan are not included in the employees' current gross income.
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