contestada

Explain the differences in how a 401k, a Roth IRA, and a traditional IRA are taxed. (1 point)
A 401k allows tax deductions when the money is deposited and then the money is taxed
when it is withdrawn; a Roth IRA is taxed when the money is deposited; and a traditional
IRA is taxed when the money is withdrawn.
A 401k is taxed when the money is deposited; a Roth IRA allows tax deductions when the
money is deposited and then the money is taxed when it is withdrawn; and a traditional
IRA is taxed when the money is withdrawn.
A 401k is taxed when the money is withdrawn; a Roth IRA is taxed when the money is
deposited; and a traditional IRA allows tax deductions when the money is deposited and
then the money is taxed when it is withdrawn.
A 401k is taxed when the money is withdrawn; a Roth IRA allows tax deductions when the
money is deposited and then the money is taxed when it is withdrawn; and a traditional
IRA is taxed when the money is deposited.

Explain the differences in how a 401k a Roth IRA and a traditional IRA are taxed 1 point A 401k allows tax deductions when the money is deposited and then the m class=

Respuesta :

Chestnut6201

Answer:

a 401(k) are pre-tax, meaning they are deposited before your income taxes are deducted from your paycheck. However, when in retirement, withdrawals are taxed at your then-current income tax rate. Conversely, there is no tax savings or deduction for contributions to a Roth IRA.

Explanation:

This is not one of the answers but rather a explanation for u to better understand it.

IAMTHEAIDS

Answer:

A 401K is taxed when the money is withdrawn a Roth ira is taxed when the money is deposited and a traditional ira allows tax deductions when the money is deposited and then the money is taxed when it is withdrawn.

Explanation: