A traditional IRA allows workers who qualify the opportunity to deduct from their reported income the money they put into a qualified retirement account.

Name: A traditional IRA allows workers who qualify the opportunity to deduct from their reported income the money they put into a qualified retirement account.
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Question

Quizplus · Accepted Answer

This is correct. Workers who qualify can deduct contributions made to a traditional IRA from their income when they file their tax returns.

A Traditional IRA Allows Workers Who Qualify the Opportunity to Deduct