Multiple Choice
Which of the following is/are advantages of tax-deferred income benefits? I. Postponing tax payments allows interest to accrue on dollars owed to the government.
II. Deferral allows compound interest to also accumulate on a tax-deferred basis.
A) I only
B) II only
C) Both I and II
D) Neither I nor II
Correct Answer:
Verified
Correct Answer:
Verified
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