What Is E-Cash

question 55

Short Answer

What is e-cash?

---

Definitions:

Keogh Deduction

A Keogh Deduction refers to tax-deferred pension plan contributions for self-employed individuals and unincorporated businesses, allowing for higher contribution limits compared to other retirement accounts.

Self-Employment Tax

A tax consisting of Social Security and Medicare taxes primarily for individuals who work for themselves.

Highly Compensated Employees

Employees who receive compensation from the business exceeding a specific threshold set by the IRS, subject to additional tax regulation.

Tax-Deferred Plans

Investment accounts that allow taxes on the principal and/or earnings to be paid at a future date instead of the year the investment earns income.