Examlex
Which of the following tests allows for comparing several conditions?
Nontaxable
Describes income or transactions that are not subject to income tax by law or specific exemption.
Fully Taxable
Income that is subject to tax at the regular rates without any deductions or exemptions.
Coverdell Education Savings Account
A tax-advantaged investment account in the United States designed to encourage savings to cover future education expenses.
Beneficiary
An individual or entity designated to receive benefits from an insurance policy, retirement plan, will, or trust after the policyholder's or owner's death.
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