Which of the following statements with respect to Deferred Profit Sharing Plans (DPSPs) is correct?
A) Both the employers and employees can make contributions to DPSPs.
B) Contributions to DPSPs are limited to one-half the money purchase limit for the year.
C) Employer contributions are treated as a taxable benefit to the employees.
D) Withdrawals from DPSPs are not taxable to the recipient.
Correct Answer:
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