Dennis has a maximum of $80 that he can spend on books. He wants to buy a combination of nonfiction books which cost $12 each an
2 answers:
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places a maximum amount that an individual can contribute to the fund in a given year at
. Option (d) is correct.
Further Explanation:
Given:
The options are as follows,
(a). 401(k)
(b). Tax Deferred Annuity
(c). Pension
(d). IRA
Explanation:
is a retirement plan that permits employees of a firm to invest in their retirement. This type of retirement is tax deferred.
Tax-deferred annuity is a type of investment used by employees in planning their retirement. In this type of retirement the annuity matures tax-free till the age of retirement.
Pension is a series of payments made after retirement.
is a tax deferred individual retirement plan.
places a maximum amount that an individual can contribute to the fund in a given year at
. Option (d) is correct.
Option (a) is not correct.
Option (b) is not correct.
Option (c) is not correct.
Option (d) is correct.
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Answer details:
Grade: High School
Subject: Mathematics
Chapter: Credit Risk
Keywords: Yoko, buying, car, local car, dealership, lowest interest rate, possible, asking nicely, credit history, positive credit history, loan, license, outstanding.