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Which of the following refers to no tax assessed on the earnings in the account in the year that the earnings are received? Tax-deferred earnings.
Which of the following refers to no tax assessed on the earnings in the account in the year that the earnings are received? Tax-deferred earnings. Traditional IRA withdrawal. Pretax basis. O After-tax basis. Question 32 1 pts Which of the following refers to the interest rate on EE bonds? 3%. Fixed. Based on inflation. Variable. Roth IRAs were created by: Presidential executive order. Mutual fund companies. Congress. Investment companies. Question 30 1 pts If the population of North America is 423500000 people, how many cycles would it take for a pyramid scheme to fail, if that fraud started with 8 people and each new person adds 8 more recruits? o 7 9 O O With a Roth IRA, when can you withdraw your principal without having to pay taxes on the withdrawal? Any time. After 5 years. After 10 years. After 1 year. Question 28 1 pts Which of the following refers to a Roth IRA? Pay less tax today. Receive an income tax deduction. No income tax deduction. Pay taxes on money taken out of the account in the future
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