Business, 16.12.2019 19:31 TheRunningPotatoe245

Which statement describes the effect of taxes on a traditional ira retirement account?

a. a traditional ira is tax exempt because the income earned is never taxed.
b. a traditional ira is tax deferred because the income earned isn’t taxed until the money is withdrawn.
c. a traditional ira is tax exempt because the income earned isn’t taxed until the money is withdrawn.
d. a traditional ira is a taxable account because the income earned is taxed when it is contributed.

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Which statement describes the effect of taxes on a traditional ira retirement account?

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