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21 January, 11:28

Tax-deferred retirement plans are a type of: A. exemption. B. itemized deduction. C. passive income. D. tax shelter.

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  1. 21 January, 14:24
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    The correct option is D. Tax shelter is a type of financial arrangement which main purpose is to minimize or avoid tax. It is a legal means of cutting short one's tax liability. Tax shelter can come in diverse forms. It may come in form of using one's money to invest in a particular area so that one will be able to claim tax reduction.
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