Which statement describes the effect of taxes on a traditional 401(k) retirement account?
OA.
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Mathematics, 04.06.2020 20:04 annamariaafowyhrq
Which statement describes the effect of taxes on a traditional 401(k) retirement account?
OA.
A traditional 401(k) is tax exempt because the income earned isn't taxed until the money is withdrawn.
OB.
A traditional 401(k) is a taxable account because the income earned is taxed when it is contributed.
Oc. A traditional 401(k) is tax deferred because the income earned isn't taxed until the money is withdrawn.
OD. A traditional 401(k) is tax exempt because the income earned is never taxed.
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