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A(n) ___________ structure typically involves the simultaneous existence of two separate organizational structures.
Total Contribution
Total Contribution refers to the sum of all contributions or payments made to a designated entity or account, such as a retirement fund or charitable organization.
AGI
The total income earned by an individual, subtracting specific deductions, used to calculate how much income tax is owed.
Deductible Contribution
An investment into a qualified account, such as an IRA or 401(k), that can be subtracted from gross income to reduce taxable income.
Highly Compensated Employees
Employees who receive compensation above a specific threshold set by the IRS, subject to certain retirement plan rules.
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