Asked by
Elisabeth Walton
on Dec 06, 2024
Verified
An Internal Revenue Code rule that impacts the design of pension plans is
A) employee contributions to the pension fund are not taxable until pension benefits are actually received
B) pension fund earnings are taxable
C) employer contributions to the pension fund are not taxable to the employee when pension benefits are actually received
D) all employer pension expenses are deductible for income tax purposes
Internal Revenue Code
The codified collection of U.S. tax laws encompassing various rules for income, payroll, gift, estate, and excise taxes.
Taxable
Subject to taxation; refers to income, assets, or financial transactions that are liable to be taxed by governmental jurisdictions.
- Understand the role of the Internal Revenue Code in pension plan design and the taxation of contributions and benefits.
Verified Answer
LM
Learning Objectives
- Understand the role of the Internal Revenue Code in pension plan design and the taxation of contributions and benefits.
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