PERSONAL FINANCE (LL)
PERSONAL FINANCE (LL)
13th Edition
ISBN: 9781337885942
Author: GARMAN
Publisher: CENGAGE L
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Chapter 4.3, Problem 2CC
Summary Introduction

To determine:The ways to reduce income taxes via the employer and three employer-sponsored plans.

Concept Introduction: Tax-sheltered investment: These are the investments that help a person to save tax. This investment is reduced from the income of the person while calculating taxable income. There are many types of tax-sheltered investments like retirement plan investment or municipal bonds etc.

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