Which of the following defines a plan that may provide tax advantages to either the plan sponsor or beneficiary, but not both?

Name: Which of the following defines a plan that may provide tax advantages to either the plan sponsor or beneficiary, but not both?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A qualified plan provides tax benefits to both the plan sponsor and the beneficiary. It can be either a defined benefit plan, a defined contribution plan, or a profit sharing plan.

Which of the Following Defines a Plan That May Provide