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Submitted 712 days ago...

geoff_rabjoh

geoff_rabjoh

New User (1)

401K reduction of wages

Question: In the past the 401K contribution reduced all taxable wages dollar for dollar except OASDI and FICA. Is this still the correct statement.

Thank You

Geoff Rabjohn

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Answer 1 / 1 - Submitted 15 days ago...

mactiti

mactiti

Professor (1,106)

Actually 401ks are pretax, before any state /federal taxes

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401K reduction of wages

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