An IRA, Keogh plan, and 401(k) plan are examples of

A) tax-exempt retirement plans.
B) tax-deferred retirement plans.
C) capital gains.
D) self-employment insurance programs.
E) job-related expenses that are tax deductible.

Answer: B) tax-deferred retirement plans.

Business

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Which of the following best represents a situation in which an auditor would use a tax specialist for the audit of the tax provision?

A) the company has several temporary differences B) the company has several permanent differences C) the company has deferred tax liabilities D) the company does business overseas

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The coverage, conditions, and limitations in the master policy of a group contract can be found in which document?

A) Certificate of Authority B) Consumer report C) Coverage document D) Certificate of coverage and benefits

Business