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Briefly describe how pneumatic timers operate.
Highly Compensated Employees
Employees who receive compensation from the business exceeding a specific threshold set by the IRS, subject to additional tax regulation.
Tax-Deferred Plans
Investment accounts that allow taxes on the principal and/or earnings to be paid at a future date instead of the year the investment earns income.
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A retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit.
IRA Contribution
Money placed into an individual retirement account (IRA) that may qualify for tax deductions or other tax advantages.
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