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Calculator Print item Discussion Question 9-11 (LO. 6) Answer the following questions regarding the tax implications of various retirement plans. a. What is the difference

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Calculator Print item Discussion Question 9-11 (LO. 6) Answer the following questions regarding the tax implications of various retirement plans. a. What is the difference between Keogh (H.R. 10) and traditional deductible IRA plans? Only traditional deductible IR plans allow a deduction for the amount contributed to the plan b. Wh Contr Keogh (H.R. 10) plans are limited to self-employed participants. Only traditional deductible IRA plans allow a deduction for the amount contributed to the plan Only traditional deductible IRA plans are taxed when distributions take place. b. What is the difference between traditional IRA and Roth IRA plans? Contributions to traditional IRAs are made with after-tax dollars. Contributions to Roth IRAs are made with after-tax dollars. Contributions to traditional IRAs are made with after-tax dollars. Distributions from traditional IRAs are nontaxable, while those from Roth IRAs are taxed in full

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