Examlex
Magmas in the magma chamber of a volcano are often compared to soda to explain how the magma is erupted.How is magma like a bottle of soda? What happens to both substances when the pressure changes?
IRA Contribution
Money placed into an individual retirement account (IRA) that may qualify for tax deductions or other tax advantages.
AGI
Adjusted Gross Income; a determinant of tax liability calculated by adjusting gross income for certain allowable deductions.
Qualified Pension Plan
A retirement plan that meets the requirements set by the Internal Revenue Code, thereby offering tax benefits such as tax-deferred growth on earnings and deductible contributions for the employer.
Employer Contributions
Payments made by an employer towards employees' benefits, including retirement plans, health insurance, and other perks.
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