Why is the payroll calculator helpful in determining the effect of a 401k contribution on net pay?

a. 401k contribution can reduce gross pay
b. 401k contributes reduce the federal tax owned
c. 401k contributions reduce the employee share of social security
d. 401k contributes can be used to reduce the cost of insurance premiums

Answer :

Answer: 401k contributions reduce the federal tax owed

Step-by-step explanation:

Other Questions