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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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<< Bearish Before tax profit margin >>

Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

Beware of small expenses; a small leak will sink a great ship. - Benjamin Franklin (1706-1790)

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