All of the following are false regarding taxes imposed on traditional IRAs, EXCEPT:

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All of the following are false regarding taxes imposed on traditional IRAs, EXCEPT:

a. Contributions are made with pre-tax dollars and interest earned is tax-deferred.

b. Contributions are made with taxed dollars, and interest is taxable in the year it is earned.

c. Contributions are made with taxed dollars and interest earned is tax-deferred.

d. All of the above are false.

Answer: a. Contributions are made with pre-tax dollars and interest earned is tax-deferred.

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