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Why might individual departments prefer sequential product development?
Deductible Contribution
An eligible contribution to a qualified plan or account that reduces taxable income.
Coverdell Education Savings Account
A savings account that allows money to grow tax-free when the funds are used for education expenses.
AGI
Adjusted Gross Income, which is gross income minus adjustments, serving as the basis for calculating taxable income.
Annuity Contract
A financial product sold by an insurance company that provides guaranteed income over a period of time for a flat or periodic payment.
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