Answered

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Individual Retirement Accounts (IRAs) allow people to shelter some of their income from taxation.

a. True
b. False

Sagot :

ayfat23

Answer:

A) True

Explanation:

An individual retirement account (IRA) can be regarded as tax-advantaged account which is been used by individuals in saving as well as investing for retirement. individual retirement arrangements is a term that is been used by Internal Revenue Service (IRS) to describe individual retirement accounts as well as annuities which is been used as

personal savings plans having a

tax advantages that can help to save money as regards retirement.

It should be noted that Individual Retirement Accounts (IRAs) allow people to shelter some of their income from taxation.

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