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A Tax-Deferred Retirement Plan for Employees of Nonprofit Organizations or Educational

Question 21

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A tax-deferred retirement plan for employees of nonprofit organizations or educational institutions

Premises:
A social insurance program the beneficiaries of which are retired individuals, survivors, and people with disabilities
A spending and saving plan based on anticipated income and expenses
An IRA set up to benefit a husband or wife who does not work outside the home
A share of a company's profits distributed to stockholders
A share of ownership in a corporation
An IRA for which money is deducted from gross income (reducing taxable income) and taxes are paid when the money is withdrawn during retirement
A tax-deferred retirement plan for employees of private companies and corporations
An IRA for which contributions are taxed at the time you make them
A retirement plan for small business owners and their employees
A tax-deferred retirement plan for employees of nonprofit organizations or educational institutions
Responses:
Roth IRA
spousal IRA
403(b)
dividend
SEP
Social Security
401(k)
traditional IRA
budget
stock

Correct Answer:

A social insurance program the beneficiaries of which are retired individuals, survivors, and people with disabilities
A spending and saving plan based on anticipated income and expenses
An IRA set up to benefit a husband or wife who does not work outside the home
A share of a company's profits distributed to stockholders
A share of ownership in a corporation
An IRA for which money is deducted from gross income (reducing taxable income) and taxes are paid when the money is withdrawn during retirement
A tax-deferred retirement plan for employees of private companies and corporations
An IRA for which contributions are taxed at the time you make them
A retirement plan for small business owners and their employees
A tax-deferred retirement plan for employees of nonprofit organizations or educational institutions
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