Purpose of the low-income retirement plan


Question: What is the purpose of the Low-Income Retirement Plan Contribution Credit? a. To increase the amount of taxpayers' Social Security benefits b. To encourage taxpayers to participate in retirement plans c. To increase the amount that employers can put in employee pension plans d. To encourage employers to match employee contributions to 401(k) plans

 

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Accounting Basics: Purpose of the low-income retirement plan
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