question 1 of 20\nhow are 401(k)s different from roth or traditional iras?\na. 401(k)s receive deposits…

question 1 of 20\nhow are 401(k)s different from roth or traditional iras?\na. 401(k)s receive deposits after taxes have been paid on income.\nb. roth and traditional iras are set up through an employer, while 401(k)s are set up by individuals.\nc. roth and traditional iras receive deposits after taxes have been paid on income.\nd. 401(k)s are set up through an employer, while roth and traditional iras are set up by individuals.

question 1 of 20\nhow are 401(k)s different from roth or traditional iras?\na. 401(k)s receive deposits after taxes have been paid on income.\nb. roth and traditional iras are set up through an employer, while 401(k)s are set up by individuals.\nc. roth and traditional iras receive deposits after taxes have been paid on income.\nd. 401(k)s are set up through an employer, while roth and traditional iras are set up by individuals.

Answer

Brief Explanations:

401(k)s are employer - sponsored retirement plans. Roth and traditional IRAs are set up by individuals. Option A is wrong as 401(k)s can have pre - tax contributions. Option B has the set - up entities reversed. Option C is incorrect about Roth and traditional IRAs' tax treatment (traditional IRAs can have pre - tax contributions).

Answer:

D. 401(k)s are set up through an employer, while Roth and traditional IRAs are set up by individuals.