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1.
Contributions made to a retirement savings plan aren't taxed.
False
True
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GPT-5 mini
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False.
It depends on the type of plan. Traditional (tax‑deferred) retirement contributions are not taxed for federal income tax when contributed but are taxed when withdrawn; Roth contributions are made with after‑tax dollars (they are taxed when contributed) and qualified withdrawals are tax‑free. Also note payroll (FICA) rules can differ.
It depends on the type of plan. Traditional (tax‑deferred) retirement contributions are not taxed for federal income tax when contributed but are taxed when withdrawn; Roth contributions are made with after‑tax dollars (they are taxed when contributed) and qualified withdrawals are tax‑free. Also note payroll (FICA) rules can differ.
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