IRA, 401(k), 403(b), and Keogh plans:
A. impose added taxes on those who save.
B. place no limits on the amount that individuals can deposit in these accounts.
C. encourage saving while limiting tax liabilities.
D. are never taxed.
Answer:C
IRA, 401(k), 403(b), and Keogh plans:
A. impose added taxes on those who save. B. place no limits on the amount that individuals can deposit in these accounts. C. encourage saving while limiting tax liabilities. D. are never taxed.