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Question and answer
Q: Tax-deferred retirement plans are a type of: A. exemption. B. itemized deduction. C. passive income. D. tax shelter.
A: Tax-deferred retirement plans are a type of: D. tax shelter.
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Original conversation
User: Tax-deferred retirement plans are a type of: A. exemption. B. itemized deduction. C. passive income. D. tax shelter.

Weegy: Tax-deferred retirement plans are a type of: D. tax shelter.




User: A family with $45,000 in assets and $22,000 of liabilities would have a net worth of: A. $45,000. B. $23,000. C. $22,000. D. $67,000.

Weegy: 23,000 B
Caddy83|Points 70|

User: Nick Rodr has a savings account with $550 in it. He knows that he can withdraw this money from his savings account whenever he wishes: This would be an example of: A. money management. B. an opportunity cost. C. a balance sheet. D. a liquid asset.

Weegy: D. a liquid asset
Ennieck|Points 80|

User: A deduction from adjusted gross income for yourself, your spouse, and qualified dependents is: A. the standard deduction. B. a tax credit. C. an itemized deduction. D. an exemption.

Weegy: D. an exemption.
patrick_hustla|Points 890|

User: The Roth IRA differs from the regular IRA in that: A. earnings on the account are tax free after five years. B. contributions may exceed $2,000. C. deposits must be in federally-insured accounts. D. funds are only to be used for education expenses.

Weegy: A. earnings on the account are tax free after five years.
Fanboy|Points 2821|

User: Itemized deductions are recorded on: A. Form 1040A. B. Schedule A. C. Schedule B. D. Form 2106.

Weegy: The answer is B. Schedule A Source:
danjames|Points 315|

User: If a family planned to spend $370 for food during March but only spent $348, this difference would be referred to as a: A. surplus. B. deficit. C. budget reduction. D. contribution to net worth.

Weegy: If a family planned to spend $370 for food during March but only spent $348, this difference would be referred to as a: D. contribution to net worth.
andrewpallarca|Points 17306|

User: Which type of tax is imposed on specific goods and services at the time of purchase? A. Estate B. Excise C. General sales D. Value-added

Weegy: B. Excise Tax is a tax imposed on specific goods and services at the time of purchase. Excise tax is typically imposed on gasoline, cigarettes, alcoholic beverages, tires, and air travel.



User: The main purpose of taxes is to: A. generate revenue for funding government programs. B. reduce the chances of inflation. C. create jobs. D. discourage use of certain goods and services.

Weegy: The main purpose of taxes is to: A. generate revenue for funding government programs.
Giana|Points 1081|

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Asked 12/9/2012 1:02:49 PM
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