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 is an indicator that you need to factor a -1 out before factoring the trinomial? Expain
write a paragraph about your personal experience?
which animal is it I am confused
What should you include in the introduction of a research report? a summary of all your main points a sentence stating the claim or main point of your report ex
What is 28/20 simplified? And what is 20/28 simplified
which plays the most important role in providing ease of access to a web app?
Three resistors of 100, 40.0, and 10.0 Ohms are in series with a 24.0 V power supply. What is the current in the circuit?
Why did the mutation that resulted in a long-hair trait in these rabbits become more common in the population?
elobrate on the tertiary sector​
Adele's Voice: "Hello, it's me. I was wondering if you could help me with this problem." Don't send me a link to some website. I do trust it especially if it re