Question

Select all that apply

IRS 457 Deferred Compensation Plans ______.

-do not require employees to pay taxes on amounts withheld until distributed after retirement
-have been established by many governments
-must always be administered by the government and accounted for as a pension

Answer 1

IRS 457 Deferred Compensation Plans do not require employees to pay taxes on amounts withheld until distributed after retirement, have been established by many governments, and do not always have to be administered by the government and accounted for as a pension.

Step-by-step explanation:

IRS 457 Deferred Compensation Plans

1. do not require employees to pay taxes on amounts withheld until distributed after retirement
2. have been established by many governments
3. do not always have to be administered by the government and accounted for as a pension

IRS 457 Deferred Compensation Plans are retirement plans that allow employees to defer paying taxes on the amounts withheld until they are distributed after retirement. These plans have been established by many governments, including state and local governments. It is important to note that IRS 457 Deferred Compensation Plans do not always have to be administered by the government and accounted for as a pension.