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by Scott1 on August 10th, 2009

Scott1

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Should Simple IRA elective contribution percentage(and company match 3%) be calculated from initial gross salary of paycheck? My recent paychecks have this percentage calculated from gross after health premium and FSA have already been subtracted.

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  • by Sherri on August 10th, 2009

    Sherri

    No: AFTER since the health and FSA are pre=tax, they reduce your taxable income! The way it is being done is correct.

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