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In_______ there is a rough sorting of particles, with larger pieces farther downslope.
Tax-free Amount
An amount or income received that is not subject to income tax by the taxpayer.
Qualified Pension Plan
A retirement plan that meets the requirements of the Internal Revenue Code, offering tax benefits to the entity that establishes the plan and its participants.
Simplified Method
A way to calculate tax deductions or credits that reduces complexity, often used for retirement distribution calculations or home office deductions.
Taxable Income
The amount of income used to determine how much tax an individual or a corporation must pay to the government in a given tax year.
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