Examlex
Comparing the number of records within the data is an example of which of the following?
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.
Active Participant
An individual who is actively contributing to a qualified retirement plan or is credited with service under the plan for the tax year.
Qualified Pension Plan
A retirement plan that meets the requirements of the Internal Revenue Code, thereby offering tax advantages such as deferred taxation on earnings.
Nontaxable
Describes income or transactions that are not subject to income tax by law or specific exemption.
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