Which statement describes the effect of taxes on a traditional 401(k) retirement account? OA.

A traditional 401(k) is tax exempt because the income earned isn't taxed until the money is withdrawn.

OB.

A traditional 401(k) is a taxable account because the income earned is taxed when it is contributed.

Oc. A traditional 401(k) is tax deferred because the income earned isn't taxed until the money is withdrawn.

OD. A traditional 401(k) is tax exempt because the income earned is never taxed.