Utah financial literacy - Study guides, Class notes & Summaries

Credit Card - A plastic card that can be used by the holder to make purchases or obtain cash advances using a line of credit made available by the card-issuing financial institution. Career - A life-work chosen by a person to use personal talent, provide some service or goods, earn money, and contribute to society. Charitable Giving - A gift made by an individual or an organization to a nonprofit organization, charity or private foundation. Charitable donations are commonly in the form of c...

401K -:- A qualified plan established by employers to which eligible employees may make salary deferral (salary reduction) contributions on a post-tax and/or pretax basis. Employers offering a 401(k) plan may make matching or non-elective contributions to the plan on behalf of eligible employees and may also add a profit-sharing feature to the plan. Earnings accrue on a tax-deferred basis. 403 (b) -:- A U.S. tax-advantaged retirement savings plan available for public education o...

401K -:- A qualified plan established by employers to which eligibl e employees may make salary deferral (salary reduction) contributions on a post-tax and/or pretax basis. Employers offering a 401(k) plan may make matching or non-elective contributions to the plan on behalf of eligible employees and may also add a profit-sharing feature to the plan. Earnings accrue on a tax-deferred basis. Advertising -:- To call public attention to, especially by pointing out desirable qualiti...

401k -:- Qualified plan for employees to make contributions on a post-tax or pretax basis with possible employer contributions and tax-deferred earnings. 403(b) -:- Retirement plan for nonprofit organizations 529 Plans -:- Tax-advantaged savings plans like the Utah Educational Savings Plan (UESP) for higher education costs. Advertising -:- Calling public attention to desirable qualities to create a desire to buy or do business. 2 | P a g e | G r a d e A + | 2 0 2 4 / 2 0 2 5 ...

401K - Answer-A qualified plan established by employers to which eligible employees may make salary deferral (salary reduction) contributions on a post-tax and/or pretax basis. Employers offering a 401(k) plan may make matching or non-elective contributions to the plan on behalf of eligible employees and may also add a profit-sharing feature to the plan. Earnings accrue on a tax-deferred basis. 403 (b) - Answer-A U.S. tax-advantaged retirement savings plan available for public education organ...