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Which of the following elements has the widest liquid range?
Deductibility
The eligibility of an expense to be subtracted from gross income to reduce taxable income.
Pension Plans
Financial arrangements designed to provide individuals with an income during retirement, funded by either the employer, the employee, or both.
Income Tax Purposes
The specific calculations and methods used to determine taxable income and tax liabilities according to the regulations set by tax authorities.
Pension Plan
A pension scheme in which an employer is obliged to contribute to a fund allocated for an employee's future benefit.
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