which statement about a 401(k) is true? (1 point) a 401(k) account cannot help you save for retirement money…

which statement about a 401(k) is true? (1 point) a 401(k) account cannot help you save for retirement money put into a 401(k) is pre - tax, lowering your overall tax paid using money in a 401(k) for an emergency should be your first choice having a 401(k) is mandatory

which statement about a 401(k) is true? (1 point) a 401(k) account cannot help you save for retirement money put into a 401(k) is pre - tax, lowering your overall tax paid using money in a 401(k) for an emergency should be your first choice having a 401(k) is mandatory

Answer

Brief Explanations:

A 401(k) is a retirement - savings plan. Contributions are pre - tax, reducing current taxable income. It is not mandatory, not a good first - choice for emergencies, and is designed to help with retirement savings.

Answer:

Money put into a 401(k) is pre - tax, lowering your overall tax paid.