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Which of the following statements concerning tax considerations of nonqualified retirement plans is (are) correct?...

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Accounting

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Which of the following statements concerning tax considerations of nonqualified retirement plans is (are) correct? 1. Under IRS regulations an amount becomes currently taxable to an executive even before it is actually received if it has been "constructively received." 2. Distributions from nonqualified retirement plans are generally subject to payroll taxes. a. 1 b.2 c. Both d. Neither

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