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Companies Are Required to Disclose in Their Proxy Statement or Annual

question 20

Multiple Choice

Companies are required to disclose in their proxy statement or annual filings with the SEC the total amount of audit and non-audit fees paid to the audit firm for the two most recent years.Which of the following is not one of the categories of fees that must be disclosed?


Definitions:

Nontaxable Social Security Benefits

Portions of Social Security payments that are not subject to federal income tax under certain conditions.

AGI

Adjusted Gross Income, calculated as gross income minus adjustments, is a key figure in determining taxable income and eligibility for various tax deductions and credits.

Premium Tax Credit

A repayable tax credit intended to assist qualified individuals and families with low or moderate incomes in purchasing health insurance via the Health Insurance Marketplace.

Qualified Plan

A retirement plan that meets the requirements of the Internal Revenue Code, allowing for tax-deferred contributions and earnings until withdrawal.

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