Examlex
A a rule of thumb,a business starts to have trouble when its current liabilities to net worth ratio exceeds 50%.
Pension Plan
A retirement plan funded by employers or employees, or both, paying out a fixed sum to retirees, often based on salary and years of service.
AGI
Short for Adjusted Gross Income; it is your gross income after adjustments and deductions, crucial for tax calculations.
Deductible IRA Contribution
A contribution to an Individual Retirement Account that can be subtracted from gross income, reducing taxable income.
Pension Plan
A retirement savings plan provided by an employer which guarantees a specified income to the employee upon retirement.
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