A[n] ________ Is When Money Is Transferred by an Electronic

question 82

Multiple Choice

A[n] ________ is when money is transferred by an electronic terminal,telephone,or computer.

• A)Consumer electronic transfer
• B)Computer generated transfer
• C)Wire transfer
• D)Automatic fund transfer
• E)Electronic fund transfer

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Definitions:

Joint Return

A combined tax return filing for a married couple that merges their incomes, deductions, and credits, potentially leading to tax benefits.

Deductible IRA Contribution

Contributions to an Individual Retirement Account that can reduce taxable income.

Disallowed Portion

The part of a deduction or credit that cannot be used to offset tax liability due to various limitations or restrictions imposed by tax laws.

Qualified Pension Plan

A retirement plan that meets specific IRS guidelines to offer certain tax advantages, such as tax-deferred growth on earnings within the plan.