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When asked an illegal or discriminatory question:
Taxable
Describes income or transactions subject to taxation under federal, state, or local laws.
Traditional IRA
A tax-advantaged retirement account allowing individuals to make pre-tax contributions, with taxes deferred until withdrawals in retirement.
Deductible Contributions
Contributions made to certain types of retirement accounts or health savings accounts that can be subtracted from taxable income.
Fully Taxable
Relates to income or transactions that are subject to tax at the full applicable rate without any exemptions or deductions.
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