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ycow [4]
3 years ago
10

Which of the following statements regarding a tax sheltered annuity (tsa) is incorrect? the income from the tsa is received inco

me tax-free the amount contributed is deductible from taxable income the interest earnings are tax deferred a tax-sheltered annuity is available to employees of non-profit organizations?
Business
1 answer:
Fudgin [204]3 years ago
5 0

The incorrect statement is : The income from the TSA is received income tax-free. Upon retirement, payments received by employees from the accumulated savings in tax-sheltered annuities are treated as ordinary income.

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BioTeacher101

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