Respuesta :
Answer:
The correct answer option is d. IRA.
Explanation:
An IRA (Individual Retirement Account) facilitates you to save the money for retirement in a taxation advantaged manner.
An IRA is an account which can be set up at some financial institution which allows an individual to save for the retirement with a taxation free growth.
Therefore, IRA retirement plans places a maximum amount that an individual can contribute to the fund in a given year at $5,000.
[tex]\boxed{{\text{IRA}}\left( {{\text{Individual Retirement Account}}} \right)}[/tex] places a maximum amount that an individual can contribute to the fund in a given year at [tex]\$5000[/tex]. Option (d) is correct.
Further Explanation:
Given:
The options are as follows,
(a). 401(k)
(b). Tax Deferred Annuity
(c). Pension
(d). IRA
Explanation:
[tex]{\text{401}}\left( {\text{k}} \right)[/tex] is a retirement plan that permits employees of a firm to invest in their retirement. This type of retirement is tax deferred.
Tax-deferred annuity is a type of investment used by employees in planning their retirement. In this type of retirement the annuity matures tax-free till the age of retirement.
Pension is a series of payments made after retirement.
[tex]{\text{IRA}}\left( {{\text{Individual Retirement Account}}} \right)[/tex] is a tax deferred individual retirement plan.
[tex]\boxed{{\text{IRA}}\left( {{\text{Individual Retirement Account}}} \right)}[/tex] places a maximum amount that an individual can contribute to the fund in a given year at [tex]\$5000[/tex]. Option (d) is correct.
Option (a) is not correct.
Option (b) is not correct.
Option (c) is not correct.
Option (d) is correct.
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Answer details:
Grade: High School
Subject: Mathematics
Chapter: Credit Risk
Keywords: Yoko, buying, car, local car, dealership, lowest interest rate, possible, asking nicely, credit history, positive credit history, loan, license, outstanding.
