Spencer has a retirement account through his employer. His monthly contributions to the account are taken out of his check befor
e payroll taxes are calculated.
The fact that his employer sponsors his benefit package, and the contributions are______
account is a
indicates that Spencer's retirement account is a _____
1.tax exempt
Tax deferred
2.traditional ira
Roth ira
Traditional 401(k)
Roth 401(k)
