Which profit-sharing plan provides tax advantages for employees by postponing income taxes,often until the employee retires?

Question

Quizplus · Accepted Answer

A deferred profit-sharing plan allows employees to defer the taxes on the earnings until the distribution is made. This means that the employee can postpone the tax payment until retirement when they are presumably in a lower tax bracket. This provides tax advantages for the employees while also providing a means of incenting employees based on performance.

Which Profit-Sharing Plan Provides Tax Advantages for Employees by Postponing