Salary Reduction Plan

Salary Reduction Plan

Salary Reduction Plan means:
a plan that allows an employee the opportunity to have a certain percentage of his or her gross salary withheld, not taxed, and invested in the employee's choice of a stock, bond, or money market fund.

See also other Tax Terms and Definitions in U.S.A.

Section 401(k) plan, tax deferred annuity.


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