What Profit Prices Are Tax Deductible

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Money-purchase plans are like profit sharing plans that require a set quantity (often a share of the employee's salary) be contributed by the employer annually, even in years where there is no revenue. Employees can contribute as much as 25% of their salaries or a most of $40,000 per yr. On the flip side, money-purchase plans give employers the maximum tax benefit attainable.

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