Which advantage does an employer gain by providing a qualified retirement plan, as contrasted to...

Comprehensive and Detailed Step by Step Explanation:Qualified retirement plans, such as 401(k) and pension plans, offer significant tax advantages for employers:

Tax-deductible contributions (B):Employer contributions to qualified plans are deductible as business expenses, reducing taxable income.

Exclusive benefit for key employees (A):Not allowed under IRS rules, as qualified plans must follow non-discrimination requirements.

Funds available for business needs (C):Incorrect, as plan funds are held in trust and cannot be used for business operations.

Rewarding selected employees (D):Qualified plans must comply with anti-discrimination rules, so rewards must benefit all eligible employees.

References:IRS Publication 560, Maryland Retirement Plan Standards, and COMAR 31.09.11.