Ask Question
12 April, 15:02

What is the purpose of tax-deferred retirement accounts?

°Δ°to encourage consumers to invest money before it is taxed

°Δ°to level high taxes on a consumer at retirement age

°Δ°to collect taxes during retirement at higher rates

°Δ°to trick consumers into investments that will incur fines and penalties

+3
Answers (1)
  1. 12 April, 16:59
    0
    Tax-deferred plans delay taxable income that was received during the use of the account either until withdrawal or till a specified time.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is the purpose of tax-deferred retirement accounts? °Δ°to encourage consumers to invest money before it is taxed °Δ°to level high ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers