With the new roth 401k, how do the deductions calculate? does it take xx% of whats left after your taxes…?
Friday, November 30th, 2007
t c asked:
For example, you have $1000 gross paycheck - you withold 3% for regular 401k, and 3% for roth 401k to be deducted. Say for example taxes are $250. So, for the regular 401k the employer would withhold $30 …so after taxes and regualr 401k, the net woudl be $720. Does the Roth 401k calculate based off of the $720, or $750, or $1000?
Question posted courtesy of: Darryl
For example, you have $1000 gross paycheck - you withold 3% for regular 401k, and 3% for roth 401k to be deducted. Say for example taxes are $250. So, for the regular 401k the employer would withhold $30 …so after taxes and regualr 401k, the net woudl be $720. Does the Roth 401k calculate based off of the $720, or $750, or $1000?
Question posted courtesy of: Darryl
