Personal Finance.docx - Personal Finance 1 Pension Funds \u2013 tax exempt calculated based on percentage of salary the employer is responsible for paying

Personal Finance.docx - Personal Finance 1 Pension Funds...

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Personal Finance 1. Pension Funds – tax exempt, calculated based on percentage of salary; the employer is responsible for paying this, and it goes on their balance sheet as a liability 2. IRA – individual retirement account; lets you put a certain amount of money aside and
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  • Spring '08
  • han
  • Personal Finance, College Education, $5000, pension funds, higher deposit limits

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