Have you ever struggled to answer the question “which of the following statements regarding a tax sheltered annuity (tsa) is incorrect?” in relation to the concept of Insurance? There’s no need to worry about it anymore. This post contains the correct answer to your question.
Which of the following statements regarding a tax sheltered annuity (tsa) is incorrect?
Options:
- -the income from the TSA is received income tax-free
- -the amount contributed is deductible from taxable income
- -the interest earnings are tax deferred
- -a tax-sheltered annuity is available to employees of non-profit organizations
The Correct Answer Is:
- -the income from the TSA is received income tax-free
Conclusion
The answer to your question “which of the following statements regarding a tax sheltered annuity (tsa) is incorrect?” should now be clear for you. I appreciate you coming here to find the answer to your question and best wishes for your preparation related to various Insurance topics.