krivbill krivbill

29-07-2017
Business

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Tax-deferred retirement plans are a type of: A. exemption. B. itemized deduction. C. passive income. D. tax shelter.

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Erudite1 Erudite1

16-08-2017

The correct option is D. Tax shelter is a type of financial arrangement which main purpose is to minimize or avoid tax. It is a legal means of cutting short one's tax liability. Tax shelter can come in diverse forms. It may come in form of using one's money to invest in a particular area so that one will be able to claim tax reduction.

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countingstarz0304 countingstarz0304

16-01-2020

Answer:

The answer is a tax shelter so D.

Explanation:

The answer is tax shelter because a tax shelter is an investment that provides immediate tax benefits and a reasonable expectation of a future financial return. A tax deferred retirement plan results in an immediate tax benefit because the money put into such an account or plan, is not taxed until it is withdrawn from the account. :-)

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