No, C is not correct.
http://www.answers.com/401k
Tax-deffered retirement plans a type of:
a)exemption
b)itemized deduction
c)passive income
d)tax shelter
Is C CORRECT ANSWER?THANK YOU:)))
2 answers
I have no idea what a "passive income" is.
Notice the term "tax-deferred." This means that while a person is in the peak earning years before retirement, s/he pays no taxes on these investments.
Notice the term "tax-deferred." This means that while a person is in the peak earning years before retirement, s/he pays no taxes on these investments.