Pension Income
Retirement Income
Topic Activity
Tax Your Memory
Match the following terms with the descriptions. Type 1, 2, 3 or 4 in the blank next to the corresponding description.
Terms:
Description:
1.
Individual Retirement Arrangements
Includes old-age, survivors, disability insurance and some workers' compensation benefits
2.
Annuity
A two-tiered plan consisting of social security benefits and a pension-like plan
3.
Railroad Retirement benefits
Personal savings plan that provides tax advantages for setting money aside for retirement
4.
Social security benefits
Payments made to a taxpayer from an insurance company, trust company or individual
Match all terms with correct descriptions, then click Check My Answer.
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