A retirement plan that offers a tax shelter will defer ________ taxes on contributions and investment earnings.

A) income
B) sales
C) property
D) estate

Tax Shelter

An investment strategy or financial arrangement designed to reduce, defer, or eliminate tax liabilities.

Deferred Taxes

Tax liabilities or assets that arise due to differences between the financial accounting and tax treatment of transactions, recognized in corporate financial statements.

Investment Earnings

The return on investment, including income and capital gains.