Ben Carmichael Has Been Making Contributions into an Individual Retirement

Ben Carmichael has been making contributions into an individual retirement account for his retirement.His contributions are tax deductible (based on his tax filing status and income) as his employer does not offer a retirement plan.What type of individual retirement account does he have?

A) Traditional IRA
B) Roth IRA
C) Spousal IRA
D) Coverdell Education Savings Account
E) 401(k)

Correct Answer:

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