Spencer has a retirement account through his employer. His monthly contributions to the account are taken out of his check before payroll
 taxes are calculated.
 The fact that his employer sponsors his benefit package, and the contributions are______
 account is a
 indicates that Spencer's retirement account is a _____
 1.tax exempt 
 Tax deferred 
 2.traditional ira
 Roth ira 
 Traditional 401(k)
 Roth 401(k)