EE deferrals under section 401(k) are subject to which taxes?
Suggested Answer: C
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11 comments · newest first
HU
Huey
11 months ago
Not sure about that, sounds too complicated.
MA
Mari
11 months ago
Yup, it's A for sure!
CL
Clarinda
12 months ago
Wait, are FUTA taxes really involved?
TE
Tess
12 months ago
I think it's just FICA, right?
KR
Krissy
12 months ago
Definitely FIT and FICA taxes!
MA
Marvel
1 year ago
I feel like I saw a similar question where all three taxes were mentioned, but I need to double-check that.
CO
Coleen
1 year ago
I’m pretty certain that both FIT and FICA apply, but I can't recall if FUTA is involved.
KA
Katheryn
1 year ago
I remember practicing a question about 401(k) contributions, and I think FIT is included too.
MA
Marge
1 year ago
I think EE deferrals are only subject to FICA taxes, but I'm not completely sure.
LA
Laticia
1 year ago
Option A seems like the best example - it specifies a clear, measurable requirement for the "ID" field. The other options are more vague or subjective.
LA
Lang
1 year ago
This looks like a tricky one. I'd probably start by reviewing the contracts to understand the potential conflicts and see if I can find a way to align the incentives with the program objectives.