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Unsure whether he should pick up a bunch of cilantro before heading home, the commuter weighed his options. If he bought a bunch and they didn't need it, he would likely have flushed the 79 cents because it would surely spoil. If he didn't buy it, this would necessitate another trip to the grocery store, which would cost $3.79 in gasoline. The ________ cost is $0.79.
AGI
Adjusted Gross Income, which is gross income minus adjustments, used to determine tax liability.
Coverdell Education Savings Account
A tax-advantaged savings account designed to fund education expenses, offering tax-free growth and withdrawals for qualifying educational costs.
Tax-Deductible
Expenses that can be subtracted from one's taxable income, effectively reducing the tax liability.
SIMPLE Plan
Savings Incentive Match Plan for Employees, a type of tax-deferred employer-provided retirement plan that allows small businesses to set aside money and invest it for employees.
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