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Posted on 6/24/15 at 12:06 pm to
Posted by HoustonTiger2008
Member since Feb 2015
631 posts
Posted on 6/24/15 at 12:06 pm to
quote:

So say my gross is $4000 per check, $200 is going towards my 401K.

My suggestion would be to check the math on your check of all the deductions.

Your example doesn't necessarily mean that the 5% isn't coming out after taxes. It just means they figured the 5% figure on the gross pay amount, but they could be deducting 5% of your gross pay from the net pay.
Posted by CQQ
Member since Feb 2006
17048 posts
Posted on 6/24/15 at 12:28 pm to
Ah, I think I got it. The 5% going into my 401K is definitely 5% of my gross pay but my taxable gross is my gross less what I put in my 401K.

This is what you were saying, right?
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