Examlex
Briefly describe IEEE's Project 802.
401(k) Plan
A retirement savings plan sponsored by an employer that allows workers to save and invest a portion of their paycheck before taxes are taken out.
Conventional IRA
Likely meant to be "Traditional IRA," which is an individual retirement account that offers tax-deferred growth and potential tax-deductible contributions.
Excise Tax
A tax on the sale or use of specific products or transactions, often included in the price of goods such as gasoline, alcohol, and tobacco.
Roth IRA
A retirement savings account allowing for tax-free growth and tax-free withdrawals in retirement.
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