Examlex
_____ is the trade name for a new gear change system from the United Kingdom that replaces normal synchronizers to provide a change in gear ratios without interrupting the flow of engine torque to the wheels.
AGI Phaseout Rules
Guidelines that gradually reduce or eliminate certain deductions and credits as adjusted gross income (AGI) reaches specified levels.
Qualified Pension Plan
A retirement plan conforming to IRS requirements, offering tax advantages and benefits to employees.
Deducted Immediately
Expenses that can be subtracted from gross income in the year they are incurred, without capitalization or amortization.
Employer-sponsored Retirement Plan
An employer-sponsored retirement plan is a savings plan set up by employers to help employees prepare for retirement, with common types being 401(k) and 403(b) plans.
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