Mathematics, 15.07.2019 15:00 emily0259

Which of the following retirement plans places a maximum amount that an individual can contribute to the fund in a given year at $5,000? a. 401(k) b. tax-deferred annuity c. pension d. ira

Answers: 2

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$\boxed{{\text{IRA}}\left( {{\text{Individual Retirement Account}}} \right)}$ places a maximum amount that an individual can contribute to the fund in a given year at $\$5000$ . Option (d) is correct.

Further Explanation:

Given:

The options are as follows,

(a). 401(k)

(b). Tax Deferred Annuity

(c). Pension

(d). IRA

Explanation:

${\text{401}}\left( {\text{k}} \right)$ 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.

${\text{IRA}}\left( {{\text{Individual Retirement Account}}} \right)$ is a tax deferred individual retirement plan.

Option (a) is not correct.

Option (b) is not correct.

Option (c) is not correct.

Option (d) is correct.

Learn more:

If the clothing maker bought 500 m2 of this fabric, how much money did he lose? use 1tepiz=0.625dollar and 0.9144m=1yard link. Suppose that you find the volume of all the oceans to be 1.4×109km3 in a reference book. to find the mass, you can use the density of water, also found in this reference book, but first you must convert the volume to cubic meters. what is this volume in cubic meters? link.

Answer details:

Grade: High School

Subject: Mathematics

Chapter: Credit Risk

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Answer from: genyjoannerubiera

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.

Answer from: Quest

step-by-step explanation:

Answer from: Quest

a 4/6 = 9/12 not proportional

step-by-step explanation:

to find which are not proportional, we can use cross products

if it is true, they are proportional. if it is not true, they are not proportional.

a 4/6 = 9/12

4* 12 = 6*9

48 = 54

not this is not proportional

b 2/3 = 12/18

2* 18 = 3 * 12

36 = 36

this is proportional

c 5/4 = 10/8

5*8 = 4*10

40 = 40

this is proportional

d 7/5 = 35/25

7*25 = 5 * 35

175 = 175

is proportional

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Which of the following retirement plans places a maximum amount that an individual can contribute to...

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