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Match the Following Terms to the Appropriate Definitions

question 4

Multiple Choice

Match the following terms to the appropriate definitions.
-​A paper or electronic record of individuals who have permission to enter a secure area, the time that they entered, and the time they left the area


Definitions:

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.

SIMPLE Plan

A Savings Incentive Match Plan for Employees that allows employees and employers to contribute to traditional IRAs set up for employees, intended for small businesses.

Tax-deferred Plans

Investment accounts, such as 401(k)s or IRAs, where contributions are tax-deductible and taxes on earnings are delayed until withdrawal.

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