Business, 20.05.2021 05:30 darkremnant14

Match the retirement account with the correct description. You need to match each number with a letter.

Question 1 options:

A. Tax-deferred for employees of non-profit institutions. An employer may match contributions.

B. IRA account with tax-deductible contributions. No income limits for participation.

C. Tax-deferred for employees of for-profit institutions. An employer may match contributions.

D. Earnings are exempt from tax. Set up individually by you. Income limits for participation.

E. Not taxable if it is your only source of income. Money is deducted through payroll taxes. It is a social program.

1. 401(k)

2. 403(b)

3. Roth IRA

4. Traditional IRA

5. Social Security

Answers: 1

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