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Question
Match the description of a tax-related term listed in the right-hand column with the appropriate term listed in the left-hand column:
| Tax Term | Description/Example |
| 14. Nonqualified | (a) Employee must not have control over funds |
| 15. Top-Heavy Plan | (b) Employee does not have ownership to any of plan funds |
| 16. Constructive Receipt | (c) Employer cannot take a tax deduction until employee is required to include it as taxable income |
| 17. Nonfunded | (d) Accumulated benefits accruing to key employees exceed 60 percent of present value of accrued benefits of all participants in plan |
Answer
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