If contributions are made to an employer-sponsored (i.e., not a Federal retirement program), qualified retirement plan,

Question

Quizplus · Accepted Answer

A) The employer's contributions on behalf of the employee are not includible in the employee's gross income - This is true as per the tax law, the contributions made by the employer towards an employee's qualified retirement plan are not includible in the employee's gross income until they receive these benefits. 
B) The employer is entitled to a current deduction for contributions to such plans - This is also true as the employer is allowed to take a current deduction for contributions made towards employee's qualified retirement plans. 
C) The employee includes the retirement benefits in his or her gross income in the tax year of receipt - This is also true as retirement benefits received by the employee from the qualified retirement plan are taxable in the tax year of receipt.

If Contributions Are Made to an Employer-Sponsored (I