The employee's contribution to a nonqualified pension plan cannot be deferred, and the employer is not allowed a tax deduction for the contribution even though the employee includes the contribution in their income.

Name: The employee's contribution to a nonqualified pension plan cannot be deferred, and the employer is not allowed a tax deduction for the contribution even though the employee includes the contribution in their income.
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Question

Quizplus · Accepted Answer

The Answer is False

The Employee's Contribution to a Nonqualified Pension Plan Cannot Be