Ask Question
BusinessBusiness
20 July, 01:25

What is the difference between a traditional IRA account and a Roth IRA account?

+5
Answers (1)
  1. 20 July, 04:29
    0
    Traditional IRA contributions are tax deductible on both state and federal tax returns for the year you make the contribution, while withdrawals in retirement are taxed at ordinary income tax rates. Roth IRAs provide no tax break for contributions, but earnings and withdrawals are generally tax-free.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is the difference between a traditional IRA account and a Roth IRA account? ...” 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
You Might be Interested in
Which routing protocol does an exterior router use to collect data to build its routing tables?
Answers (1)
the company maintains a 40% dividend payout ratio. The net income is $12,493. The total on the balance sheet is $106,900. What is the internal growth rate?
Answers (1)
In 2013, selected automobiles had an average cost of $19,000. The average cost of those same automobiles is now $34,200.
Answers (1)
Each member country of the trips agreement must include in its domestic laws intellectual property rights. a. True b. False
Answers (1)
Teenagers generally want to stay up later in the evening and sleep longer in the morning than children do. this may be due to
Answers (1)
New Questions in Business
State the generally accepted accounting principle applicable to balance sheet valuation of each of the following assets. (a) Trade accounts receivable. (b) Land. (c) Inventories. (d) Trading securities (common stock of other companies).
Answers (1)
What does it mean to be concise in business writing? A. to use facts that readers can easily verify B. to use language that impresses readers C. to use fewer words to clearly convey ideas D. to use reliable sources to present information
Answers (1)
Paar Corporation bought 100 percent of Kimmel, Inc., on January 1, 2015. On that date, Paar's equipment (10-year remaining life) has a book value of $420,000 but a fair value of $520,000.
Answers (1)
On January 1, 2014, Fishbone Corporation sold equipment to Lost Company that cost $250,000 and that had accumulated depreciation of $100,000 on the date of sale.
Answers (1)
Leading economic indicators are: A. the most popular economic statistics. B. data that are used to construct the consumer price index and the unemployment rate. C. variables that tend to fluctuate in advance of the overall economy. D.
Answers (1)
Home » Business » What is the difference between a traditional IRA account and a Roth IRA account?
Sign Up Forgot Password?