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The Special Senses

question 116

Multiple Choice

The special senses:


Definitions:

Coverdell Education Savings Accounts

A tax-advantaged investment account in the United States designed to encourage savings for future education expenses.

Keoghs

Retirement plans for self-employed individuals and unincorporated businesses, allowing tax-deferred savings for retirement.

Employer-sponsored Retirement Plan

A retirement savings plan provided by an employer to its employees, often with tax advantages for contributions and investment earnings.

Deductible IRA Contribution

A contribution to an Individual Retirement Account that can be subtracted from gross income, reducing taxable income for the year the contribution is made.

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