mews
Recycles dryer sheets
- Joined
- May 30, 2008
- Messages
- 479
I am curious - does an employer match on a 401k show up in 'gross pay' on the tax forms at the end of the year , then offset by the 401k amount?
eg:
50,000 earned income
2,500
------
52,500 gross pay?
but then
if I contributed 5,000 to the 401k, the amount would be
-5,000
-2,500
-------
-7,500
*does it affect my limit on the amount I can contribute?
or is it magic money?
ta,
mew
eg:
50,000 earned income
2,500
------
52,500 gross pay?
but then
if I contributed 5,000 to the 401k, the amount would be
-5,000
-2,500
-------
-7,500
*does it affect my limit on the amount I can contribute?
or is it magic money?
ta,
mew
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