employer retirement match included in % net/gross income saved?
When one calculates the % of net or gross income saved, is a company's retirement match to 401k/403b typically included in the calculations?
e.g. assume 100k gross, 50 k net (after taxes, insurance, and voluntary/mandatory retirement contributions), plus employer matches 8% gross into 403b.
assume 40k saved (retirement and other).
how does one typically report the figure?
% of net = 40/50 or 48/50 ?
% of gross = 40/100, 40/108, 48/100, or 48/108
or does one exclude retirement contributions entirely and calculate solely net income-expenses? what is the common practice? thanks.