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Mathematics 74 Online
TheJag18:

(Retirement Savings Plans MC) A 30-year-old earns an average income and plans to retire in 35 years. The employee plans to begin making $6,000 annual contributions into an IRA. Which type of IRA is best for the employee, and why? The Roth IRA is the best choice because the employee will pay less in taxes during employment than in retirement. The Traditional IRA is the best choice because the employee will pay less in taxes during employment than in retirement. The Roth IRA is the best choice because the employee will pay more in taxes during employment than in retirement. The Traditional IRA is the best choice because the employee will pay more in taxes during employment than in retirement.

blackj8882:

The Roth IRA is the best choice because the employee will pay less in taxes during employment than in retirement.

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