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An employee who is working for a small business would like to prevent shoulder surfing. Which of the following should the employee do?
Nondeductible Contributions
Contributions made to certain retirement accounts that do not qualify for a tax deduction at the time of deposit.
Taxable Portion
This is the part of any income or financial gain that is subject to taxation according to current tax laws.
Traditional IRA
An individual retirement account allowing individuals to direct pre-tax income towards investments that can grow tax-deferred until retirement withdrawals.
Minimum Distribution
The required minimum amount that must be withdrawn annually from retirement accounts after reaching a certain age.
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