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Chris W. Rea
Chris W. Rea
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If your gross pay is $2000 per month and you are depositing $200 into the 401-K, the company sees this as a 10% contribution.

If they match 100% up to 5% they will contribute 5% of the gross or $100 per month.

It doesn't matermatter if your contribution is pre- or post tax,-tax and it doesn't matter to the company what your tax bracket is. Also note that all of their contributions are considered pre-tax.

Keep in mind that in the quoted example it ignored social securitySocial Security, medicareMedicare, state taxes, health insurance...

If your gross pay is $2000 per month and you are depositing $200 into the 401-K, the company sees this as a 10% contribution.

If they match 100% up to 5% they will contribute 5% of the gross or $100 per month.

It doesn't mater if your contribution is pre or post tax, it doesn't matter to the company what your tax bracket is. Also note that all their contributions are considered pre-tax.

Keep in mind that in the quoted example it ignored social security, medicare, state taxes, health insurance...

If your gross pay is $2000 per month and you are depositing $200 into the 401-K, the company sees this as a 10% contribution.

If they match 100% up to 5% they will contribute 5% of the gross or $100 per month.

It doesn't matter if your contribution is pre- or post-tax and it doesn't matter to the company what your tax bracket is. Also note that all of their contributions are considered pre-tax.

Keep in mind that in the quoted example ignored Social Security, Medicare, state taxes, health insurance...

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mhoran_psprep
mhoran_psprep
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If your gross pay is $2000 per month and you are depositing $200 into the 401-K, the company sees this as a 10% contribution.

If they match 100% up to 5% they will contribute 5% of the gross or $100 per month.

It doesn't mater if your contribution is pre or post tax, it doesn't matter to the company what your tax bracket is. Also note that all their contributions are considered pre-tax.

Keep in mind that in the quoted example it ignored social security, medicare, state taxes, health insurance...