Step 1: Understanding paramagnetism.
Paramagnetism is the property of a substance that has unpaired electrons and is attracted to a magnetic field. Step 2: Analyzing the options. (A) Benzene: Benzene is not paramagnetic because it has no unpaired electrons in its structure; it is aromatic and follows Hückel's rule. (B) Oxygen: Oxygen is paramagnetic due to the presence of two unpaired electrons in its molecular orbitals. (C) Fe$^{3+$:} Fe$^{3+}$ is paramagnetic because it has unpaired electrons. (D) Cu$^{2+$:} Cu$^{2+}$ is also paramagnetic due to unpaired electrons. Step 3: Conclusion.
The correct answer is (A) Benzene, as it is not paramagnetic.