Reduction Is the

question 17

Multiple Choice

Reduction is the

• A)The removal of protons
• B)The removal of electrons
• C)The addition of protons
• D)The addition of electrons
• E)None of these choices

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Definitions:

AGI

Adjusted Gross Income; a determinant of tax liability calculated by adjusting gross income for certain allowable deductions.

Qualified Pension Plan

A retirement plan that meets the requirements set by the Internal Revenue Code, thereby offering tax benefits such as tax-deferred growth on earnings and deductible contributions for the employer.

Employer Contributions

Payments made by an employer towards employees' benefits, including retirement plans, health insurance, and other perks.

Defined-Contribution Plan

A retirement plan where both employer and employee contribute to an individual account for the employee, with the final benefit based on the contributions and investment performance.