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9. A 401K is an example of what type of IRS plan? a. Defined benefit plan. b. Defined contribution plan. c. Medicare supplement plan. d.

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9. A 401K is an example of what type of IRS plan? a. Defined benefit plan. b. Defined contribution plan. c. Medicare supplement plan. d. None of the above. 10. What are the basic elements/components of the tax code? a. Income and tax rates. b. Income, tax rates, deductions and credits. Income and deductions, d. None of the above. C

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