Which of the Following Is/are Advantages of Tax-Deferred Income Benefits

question 40

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

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