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Chris forgot about his quiz,so he had only 5 minutes to learn 20 vocabulary words.He went through the list once,waited a minute and then went through the list again in the same order.Although he was confident,his grade indicated that he missed approximately half of the words.Which words on the list did he most likely miss,and why?
Tax-Deferred
Tax-Deferred refers to investment earnings such as interest, dividends, or capital gains that accumulate tax-free until the investor takes constructive receipt of the gains.
Pension Plan Rules
Regulations and policies that govern how a pension plan operates, including eligibility, contributions, and benefits.
Roth IRA Contributions
Money put into a Roth IRA retirement account that has already been taxed at the current rate, meaning withdrawals in retirement are tax-free.
AGI
Adjusted Gross Income, which is gross income minus adjustments and is used to determine how much of your income is taxable.
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