. hopes contribution to her retirement plan...?\n is a post - tax contribution on which she pays federal…

. hopes contribution to her retirement plan...?\n is a post - tax contribution on which she pays federal income taxes\n is pre - tax and therefore not included in federal income taxes\n is a contribution to her social security\n is taxed at a rate of 15%\n\nearnings statement\n\ncompany name: some corporation 123 somewhere drive, durham, nc 12345\n\nemployee name: hope marie kingsley, ssn: xxx - xx - 6789, employee id: 98858, check no: 98765, pay period: 5/1/2020 - 5/15/2020, pay date: 5/21/2020\n\nincome\n\ngross wages: 15.00 (rate), 40 (hours), 600.00 (current total)\n\ndeductions\n\nfica med tax: 8.70 (current total), 78.30 (year - to - date)\nfica ss tax: 37.20 (current total), 334.80 (year - to - date)\nfed tax: 90.00 (current total), 810.00 (year - to - date)\nnc st tax: 34.50 (current total), 310.50 (year - to - date)\nhealth: $70.58 (current total), $689.22 (year - to - date)\ndental: $8.23 (current total), $74.07 (year - to - date)\nretirement*: $60.00 (current total), $540.00 (year - to - date)\n\nytd gross: 5,400.00\nytd deductions: 2,836.80\nytd net pay: 2,563.11\ncurrent total: 600.00\ndeductions: 315.21\nnet pay: 284.70
Answer
Brief Explanations:
Pre - tax contributions to retirement plans are not included in federal income taxes. Looking at the earnings statement, the retirement deduction is marked as "Excluded from federal taxable wages", indicating it is pre - tax.
Answer:
is pre - tax and therefore not included in federal income taxes