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Gekata [30.6K]
4 years ago
12

Jeremiah Brown has been making contributions into an individual retirement account for his retirement. His contributions are not

tax deductible but his earnings accumulate tax free. What type of individual retirement account does he have?
A. 401(k)
B. Coverdell Education Savings Account
C. Roth IRA
D. Spousal IRA E. Traditional IRA
Business
1 answer:
Leviafan [203]4 years ago
8 0

Answer: <em><u>Jeremiah Brown has a Roth IRA individual retirement account.</u></em>

<em>Roth IRA is a retirement account that promotes to salvage by getting a tax welfare. Whereas a conventional IRA, what we bestow to a Roth IRA are not tax-deductible. These  investment earnings increase tax-free.</em>

<u><em>Therefore the correct option is (c)</em></u>

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Remaining part of the question is:

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If the city wants to raise as much revenue as possible from the tolls, they should increase prices on the inelastic portion. Because it is inelastic, the demand will remain close to the same which would increase revenue as the same number of people are paying higher.

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