Examlex
Match the following:
-Forming
AGI
Adjusted Gross Income; a determinant of tax liability calculated by adjusting gross income for certain allowable deductions.
Qualified Pension Plan
A retirement plan that meets the requirements set by the Internal Revenue Code, thereby offering tax benefits such as tax-deferred growth on earnings and deductible contributions for the employer.
Employer Contributions
Payments made by an employer towards employees' benefits, including retirement plans, health insurance, and other perks.
Defined-Contribution Plan
A retirement plan where both employer and employee contribute to an individual account for the employee, with the final benefit based on the contributions and investment performance.
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