Question

question 1 of 10
an employers contribution to its employees ira will increase the funds in the employees _.
a. internal revenue account
b. individual retirement account
c. indirect retirement account
d. internal retirement account

Explanation:

IRA stands for Individual Retirement Account. It is a type of savings account that individuals (including those with employer contributions in some cases) use for retirement savings. Options A (internal revenue account) is related to tax - collecting (IRS is Internal Revenue Service), option C (indirect retirement account) is not a standard term, and option D (internal retirement account) is also not a recognized term in the context of retirement savings accounts like IRA.

Answer:

B. individual retirement account