Examlex
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Roth IRA
A type of individual retirement account allowing taxed contributions but offering tax-free growth and tax-free withdrawals in retirement under certain conditions.
Compensation
Payment or remuneration received by an individual for services performed, which can include wages, salaries, bonuses, and commissions.
Coverdell Education Savings Account
A tax-advantaged saving account designed to pay for education expenses from elementary through post-secondary education.
Qualified Education Expenses
Expenses for education that qualify for tax benefits like deductions and credits, usually including tuition and fees.
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