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Before tax

• Describes funds on which the employee has not yet paid income taxes, for example, amounts held in a qualified plan or traditional IRA. Taxes have been deferred, not waived, and are normally due when funds are paid out from the qualified plan or IRA. Also known as pre-tax.

 
 

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 Embedded terms in definition
 Held
Income
Ira
Out
Qualified plan
 
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