An Important Benefit of Keogh Plans Is That

question 47

Multiple Choice

An important benefit of Keogh plans is that

• A) they are not taxable until funds are withdrawn as benefits.
• B) they are protected against inflation.
• C) they are automatically insured by the Federal government.
• D) they are not taxable until funds are withdrawn as benefits, and they are protected against inflation.
• E) they are not taxable until funds are withdrawn as benefits, and they are automatically insured by the Federal government.

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Definitions:

Individual Mandate

A requirement, typically within healthcare policy, that individuals must purchase or otherwise obtain a certain good or service, such as health insurance.

Commerce Clause

A provision in the U.S. Constitution that grants Congress the power to regulate trade among the states and with foreign nations.

Economic Activity

Actions that involve the production, distribution, and consumption of goods and services in an economy.

Working Poor

Individuals who are employed but whose earnings are not sufficient to meet the poverty line in their location.