Question

Spencer has a retirement account through his employer. His monthly contributions to the account are taken out of his check before 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)

Answer 1

Answer:

1.task 410(B)

2.both of 410(B)

MARK ME AS BRAINLY

#Carry On Learning

Answer 2

If it's wrong ill come back to correct myself.