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personal finance

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Tax-deffered retirement plans a type of:
a)exemption
b)itemized deduction
c)passive income
d)tax shelter
Is C CORRECT ANSWER?THANK YOU:)))

  • personal finance -

    No, C is not correct.

    http://www.answers.com/401k

  • personal finance -

    I have no idea what a "passive income" is.

    Notice the term "tax-deferred." This means that while a person is in the peak earning years before retirement, s/he pays no taxes on these investments.

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