Instructions: _∙ Identify Each Item. Give an Explanation or Description of of the Item

question 15

Essay

Instructions:
_∙ Identify each item. Give an explanation or description of the item. Answer the questions who, what, where, and when.
Explain the historical significance of each item. Establish the historical context in which the
_∙ item exists. Establish the item as the result of or as the cause of other factors existing in the society under study. Answer this question: What were the political, social, economic,
and/or cultural consequences of this item?
-the Iroquois Confederacy

---

Definitions:

Deducted Immediately

Expenses that can be subtracted from gross income in the year they are incurred, without capitalization or amortization.

Employer-sponsored Retirement Plan

An employer-sponsored retirement plan is a savings plan set up by employers to help employees prepare for retirement, with common types being 401(k) and 403(b) plans.

Deductible Contribution

An eligible contribution to a qualified plan or account that reduces taxable income.

Coverdell Education Savings Account

A savings account that allows money to grow tax-free when the funds are used for education expenses.