If you receive tax-sheltered income,it means that
A)you will never have to pay taxes on the income.
B)the income has already been taxed.
C)the taxes on the income will be deferred until a later date.
D)taxes will be assessed on the state rather than federal level.

Question

Quizplus · Accepted Answer

Tax-sheltered income is income that is not taxed immediately but rather at a later date. This means that taxes on the income will be deferred until a later date, usually when it is withdrawn or distributed. It does not mean that the income will never be taxed.

If You Receive Tax-Sheltered Income,it Means That