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Mathematics, 10.05.2021 03:00, lashondrascott
Select the correct answer.
Which statement describes the effect of taxes on a traditional IRA retirement account?
Ο Α.
A traditional IRA Is tax exempt because the income earned is never taxed.
OB. A traditional IRA is tax deferred because the income earned isn't taxed until the money is withdrawn.
OC. A traditional IRA is tax exempt because the income earned Isn't taxed until the money is withdrawn.
OD
A traditional IRA is a taxable account because the income earned Is taxed when it is contributed.
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Answers: 3
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