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

what are the 2 types of behavioral responses??
Your oven has a power rating of 5000 watt... Your oven has a power rating of 5000 watts. a. How many kilowatts is this? b. If the oven is used for 2 hours to ba
What are Some of the Most Common Energy Sources?
What does "to see the elephant mean"?
PLEASE HELP 20 POINTS!The sum of the x- and y-intercepts of the graph of 5x+3y = k is 32 5. Find the length of the line segment joining the x- and y-intercepts.
What's the formula to perimeter
solve the formula for the indicated variable  c=yt+y,for t (the solution is t=___)
How many people could read in France in 2000, 2001, 2002, 2013?
The first land battle of the civil war took place near ________, Virginia, on july _ _, 18_ _At this battle, the union army ___________ the confederate army.wha
What are similarities between:The Han and Shang Dynasties?The Han and Xia Dynasties?Please help as it's due tomorrow and I don't have long to do it!