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​Match the Descriptions of Grants in the Left Column with the Appropriate

question 8

Multiple Choice

​Match the descriptions of grants in the left column with the appropriate type of grant in the right column. Options will only be used once.
-​conference grant


Definitions:

Tax Deductible

Refers to certain expenses that individuals or businesses can subtract from their gross income to reduce taxable income, thereby lowering overall tax liability.

Defined Benefit Plan

A type of pension plan in which an employer promises a specified pension payment upon retirement, based on the employee's earnings and tenure.

Cash Balance Plan

A type of defined benefit retirement plan where employee benefits are expressed as a hypothetical account balance, making it resemble a defined contribution plan.

PBGC

Pension Benefit Guaranty Corporation, a U.S. federal agency responsible for protecting retirement incomes by insuring private-sector defined benefit pension plans.

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