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B. Section 501 plan.
C. profit-sharing plan.
D. money purchase plan.
Answer: A
Explanation:
Explanation/Reference:
Explanation: A plan under which employees of state and local governments can contribute part of their salaries such that those earnings will grow tax-deferred until retirement is called a Section 457 plan. Profit- sharing and money purchase plans are retirement plans that may be available to employees of for-profit companies. Section 501 of the IRS code covers non-profit corporations.
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Explanation:
Explanation/Reference:
Explanation:
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