Question

What is a pre-tax savings plan?(1 point) Responses the money set aside for savings (e.g., retirement) prior to tax assessment on income the money set aside for savings (e.g., retirement) prior to tax assessment on income the value of your savings before you pay tax on it the value of your savings before you pay tax on it the value of your savings after you pay tax on it the value of your savings after you pay tax on it the tax payment made after you saved the money for it

Answer 1

A pre-tax savings plan refers to "the money set aside for savings (e.g., retirement) prior to tax assessment on income."