Which of the following statements pertaining to tax-sheltered annuities (TSAs) is CORRECT?
A) TSAs are available to any worker not covered by an employer-sponsored retirement plan.
B) TSAs are available to employees of certain nonprofit organizations.
C) Alice, the vice president of a computer software company, can invest in a tax-sheltered annuity.
D) Fred, a schoolteacher participating in a tax-deferred annuity, will receive his benefits tax-free.
Ans: B) TSAs are available to employees of certain nonprofit organizations.
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A. information effect
B. timelessness effect
C. dynamic effect
D. network effect
E. connected effect
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