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What is the difference between the absolute and relative concepts of poverty? What are the major problems in measuring poverty with them?
401k Plan
A retirement savings plan sponsored by an employer that allows employees to save and invest a piece of their paycheck before taxes are taken out.
Vacation Pay Expense
Represents the cost to an employer for employees' earned but not yet taken vacation time, recognized as a liability.
Operations Year
The 12-month period used by businesses to measure financial and operational performance, often aligning with the fiscal year but not necessarily the calendar year.
Defined Contribution Plan
A pension plan in which the contributions into the plan are defined but the employee’s pension may vary depending on investment performance.
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