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Impression management includes justifications, which are expressions of innocence.
Nondeductible Contributions
Payments made to certain accounts or plans, such as a traditional IRA, for which the taxpayer cannot take a tax deduction.
Adjusted Basis
The value of an asset for tax purposes, adjusted for factors like depreciation or improvements.
Traditional IRA
A Traditional Individual Retirement Account (IRA) is a type of retirement savings account that allows pre-tax contributions, with the investments growing tax-deferred until withdrawals begin at retirement.
Qualified Profit-sharing Plan
A retirement plan that allows employees to share in the profits of their company, contributing to their retirement savings.
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