Which of the following is a tax-preferred retirement savings vehicle primarily for low- and middle-income taxpayers in which the taxpayers make pretax contributions and are then taxed on future withdrawals?

Question

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A traditional Individual Retirement Account (IRA) is a tax-preferred retirement savings vehicle primarily for low- and middle-income taxpayers. Taxpayers can make pretax contributions and are taxed on future withdrawals. The other options, such as defined contribution and defined benefit pension plans, and a 401(k) account, have different tax and contribution structures.

Which of the Following Is a Tax-Preferred Retirement Savings Vehicle