Examlex
Which of the following is a creative practice?
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.
Fully Taxable
Income that is subject to tax at the regular rates without any deductions or exemptions.
Coverdell Education Savings Account
A tax-advantaged investment account in the United States designed to encourage savings to cover future education expenses.
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