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Which of the following is NOT one of the advantages of a qualified plan for...

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Accounting

Which of the following is NOT one of the advantages of a qualified plan for either an employee or employer?

1- Employers may deduct the annual allowable contributions that they make for each plan participant.

2-Contributions and earnings on those contributions are tax-deferred until withdrawn for each participant.

3-In some cases, taxes may be deferred even further through a transfer into a different plan or an IRA account.

4- Distributions from a qualified plan will be nontaxable.

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