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Management Studies

1. A contract that calls for regular payments to an individual for life or for a fixed period of time is called a(n):

Level Premium Agreement

Annuity

Mutual Fund

Fixed Dividend Plan

2. Which of the following statements about IRA accounts is true?

Allows people who qualify to deduct from their reported income the money they put into an account

Current income taxes are paid on IRA deposits

IRA earnings are not taxed as income when they are withdrawn

An IRA is a taxable investment plan that enables a person to save part of their income for retirement.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92484751

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