All of the Following Statements About Tax Implications of Qualified

All of the following statements about tax implications of qualified pension plans are correct EXCEPT

A) Investment earnings on plan assets accumulate on a tax-deferred basis.
B) Employer contributions are deductible up to certain limits as an ordinary business expense.
C) Employer contributions are considered taxable income to employees but are taxed at capital gains rates.
D) Pension benefits attributable to the employer's contributions are not taxed until the employee retires or receives the funds.