abbybentley123 abbybentley123
  • 03-10-2017
  • Business
contestada

Increasing your 401k deduction will ________ your take-home pay and __________ your federal taxes in the current year.

Respuesta :

andriansp andriansp
  • 10-10-2017
I believe the answer is reduce; reduce
401k is a specific amount of money that will be deducted from your initial pay so it could be allocated to your pension account.
When 401k deduction increased, it will take a bigger chunk on your salary, so your take-home pay will be reduced. The amount of 401k deduction is considered as pre-tax, so it would not be counted in federal tax.

Answer Link

Otras preguntas

40 POINTS/BRAINLIEST IF RIGHT permutations of word MADISON -a problem set-
Calculate the volume of the cylinder
The nutrition committee at a middle school has decided to find out which vegetables are most popular among the 500 students at the school. Which sampling method
What causes hot spot volcanoes to form?
What is the value of P
Hello I need this quickly pls
how do we test if someone has diabetes​
Según la introducción de Colmillo Blanco : Explica por qué Jack London viajó a Chilkoot, qué tuvo que hacer allá y cuáles fueron los resultados de su empresa. P
Evaluate: f(2) = Helpppp
What is the equation of the line in slope-intercept form that has a slope of \large \frac{1}{3}, going through point (-9, 7)?