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Which of the following involves periodic adjustments based typically on changes in the consumer price index?
Tax-Advantaged Status
Financial accounts or investments that receive favorable tax treatment, such as deductions or tax-free growth.
401(k) Plan
A retirement savings plan sponsored by an employer, allowing employees to save and invest a portion of their paycheck before taxes are taken out.
Keogh Deduction
A Keogh Deduction refers to tax-deferred pension plan contributions for self-employed individuals and unincorporated businesses, allowing for higher contribution limits compared to other retirement accounts.
Self-Employment Tax
A tax consisting of Social Security and Medicare taxes primarily for individuals who work for themselves.
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