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Asked 10/27/2010
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My gross pay is 2083 and net pay is 1674. when I make an contribution to my 401k plan does it come from the net or gross pay When I make a 401k contribution does it come out of the gross or net pay? |
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How do the lawyers figure out the net income.i mean do they take the net on your check and add in the 401k, medical, life insurance for the year.what do they do to figure out your net?
I have my gross salary pay and then my insurance premiums are deducted. after they deduct the health insurance, they then deduct my 6% contributions. is that correct? shouldn't the 401k contributions be on my gross pay, not gross pay after insurance?
I want to withdraw a one time specific amount from my 401k, i am retired.what is the difference between gross and net?
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