olivia8840 olivia8840

28-07-2024
Business

Answered

Which of the following is an advantage of a traditional IRA?

A. Contributions are tax-deductible.
B. Employers can contribute.
C. Contributions are limited.
D. Disbursements are tax-free.

Answer :

GinnyAnswer GinnyAnswer

28-07-2024

Final answer:

One advantage of a traditional IRA is that contributions are tax-deductible, providing a tax benefit for individuals.

Explanation:

Contributions are tax-deductible is an advantage of a traditional IRA. This allows individuals to direct pretax income towards investments that can grow tax-deferred. Unlike Roth IRAs, where contributions are made after taxes, traditional IRAs offer the benefit of tax-deductible contributions.

Learn more about Traditional IRA here:

https://brainly.com/question/29526689

Answer Link

Other Questions

Read this passage: Look at mel Look at my arm! I have ploughed and planted and gathered into barns, and no man could head me! And ain't I a woman? I could work

Perhatikan pernyataan berikut: 1) Mempunyai anggota lebih dari satu orang 2) Mempunyai alat kelengkapan yang digunakan mencapai tujuan 3) Memilik

Long answer questionsWhat led James Mill to divide Indianhistory into Hindu, Muslim and Britishperiods? Why is his periodisation notacceptable?

Se aplicó una encuesta a un grupo de personas sobre el consumo de tres bebidas: A, B y C. Se obtuvieron los siguientes resultados: a 33 personas les gusta la be

A drug _______ is sometimes referred to as a quantitative test.

Write a 3-4 paragraph supreme court opinion for the fictional case of the United states v. Fields stolen valor case. Remember you are serving as a supreme court

Preregistration is a process in which researchers preregister the details of their study on awebsite so the process cannot be changed later. During which step o

What parts of the brain can get bigger with exercise, which will provide protective effects on thebrain?O a. cerebrum, cerebellumO b. frontal lobe, cortexO c. t

A list of needed materials calls for one five-pound pack of deck screws. you have three leftover packs. Two of them are one fourth 1 4 full, and the third pac

->ALSxPretest: Major Religions and Classical Civilizations of Asia and the Americas-Mozilla FirefoxPretest: Major Religions and XPrevious17▾Next >Pretest: