Examlex
MATCHING
Match the following terms:
-A seal that ensures water does not leak and sewer gases do not escape when connecting the toilet to the drainage system.
Simplified Method
A streamlined procedure for calculating certain financial figures, such as pension or annuity taxation, to ease the calculation process.
Qualified Pension Plan
A qualified pension plan is a retirement plan that meets the requirements of Section 401(a) of the U.S. Internal Revenue Code and offers tax advantages, such as tax-deferred growth on earnings.
Monthly Payments
Regular installment payments made monthly over a period, often in the context of loans or leases.
Independent Situations
Scenarios or conditions where individuals or entities operate independently, often used in the context of taxes to describe taxpayers not claimed as dependents by others.
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