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Juli2301 [7.4K]
2 years ago
14

Which of these is a personal retirement plan in which earnings are taxed at withdrawal? a. 401(k) b. roth ira c. traditional ira

Business
1 answer:
Semenov [28]2 years ago
5 0

A personal retirement plan in which earnings are taxed at withdrawal is traditional ira. Option A is correct. This is further explained below

<h3>What is a traditional IRA?</h3>

A standard IRA allows individuals to divert pre-tax income into tax-deferred assets.

In conclusion, traditional IRA a personal retirement plan in which earnings are taxed at withdrawal?

Read more about tax

brainly.com/question/16423331

#SPJ4

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Explanation:

Before the adjusting entry, the following adjustment has to be made first:

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Amount of used supplies during the period = $379 - $104 = $275

This $275 will be recorded as supplies expense. Therefore, the adjusting entry will be as follows:

<u>Particulars                                      Dr ($)                Cr ($)  </u>

Supplies expenses                        275

Office supplies                                                         275

<em><u>(To record the supplies expense for the period.)              </u></em>

The above entries will then reduce enduing balance of supplies from $379 to $104.

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