Business, 27.01.2021 20:00 winterblanco

Which statement describes the effect of taxes on a traditional 401(k) retirement account? A.
A traditional 401(k) is tax exempt because the income earned isn't taxed until the money is withdrawn.
B.
A traditional 401(k) is a taxable account because the income earned is taxed when it is contributed.
C.
A traditional 401(k) is tax deferred because the income earned isn't taxed until the money is withdrawn.
D.
A traditional 401(k) is tax exempt because the income earned is never taxed.

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Which statement describes the effect of taxes on a traditional 401(k) retirement account? A.
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