All of the following are true of the federal tax advantages of a qualified plan EXCEPT: O At distribution, all amounts received by the employee are free of taxes. O Individually owned non-qualified annuities

All of the following are true of the federal tax advantages of a qualified plan EXCEPT: O At distribution, all amounts received by the employee are free of taxes. O Individually owned non-qualified annuities are generally taxed as follows: O Premiums are not deductible; interest credited to the cash value is taxed deferred.

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All of the following are true of the federal tax advantages of a qualified plan EXCEPT: O At distribution, all amounts received by the employee are free of taxes. O Individually…

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