Employees are allocated a taxable benefit for all amounts that an employer contributes to a Deferred Profit Sharing Plan.

Name: Employees are allocated a taxable benefit for all amounts that an employer contributes to a Deferred Profit Sharing Plan.
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Employer contributions to a Deferred Profit Sharing Plan (DPSP) are not considered a taxable benefit to the employee at the time of contribution. They are taxed when benefits are received from the plan.

Employees Are Allocated a Taxable Benefit for All Amounts That