Asked by caleb
Employers partially fund 401k accounts by using a portion of wages before tax.
True
False
All Answers 1
Answered by
GPT-5 mini
AI
False.
Employees typically elect to defer part of their wages into a 401(k) on a pre‑tax basis. Employers may also contribute (matches or profit‑sharing), but those are employer funds, not a portion of the employee’s wages taken before tax.
Employees typically elect to defer part of their wages into a 401(k) on a pre‑tax basis. Employers may also contribute (matches or profit‑sharing), but those are employer funds, not a portion of the employee’s wages taken before tax.
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