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Gregor Mendel concluded that each pea has two units for each trait, and each gamete contains one unit. Mendelʹs ʺunitsʺ are now called
Deductible Contribution
An investment or payment that can be subtracted from one's gross income to reduce taxable income, often related to retirement accounts or charitable donations.
Tax-Advantaged Status
Financial accounts or investments that receive favorable tax treatment, such as deductions or tax-free growth.
401(k) Plan
A retirement savings plan sponsored by an employer, allowing employees to save and invest a portion of their paycheck before taxes are taken out.
Keogh Deduction
A Keogh Deduction refers to tax-deferred pension plan contributions for self-employed individuals and unincorporated businesses, allowing for higher contribution limits compared to other retirement accounts.
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