danderson_cifs
Apr 14 2005, 12:17 PM
This may be a dumb question - but when you say that 403(b) deductions are deducted pre-tax - does this include withholding, social security and medicare? Or just withholding?
wmyer
Apr 14 2005, 12:34 PM
Federal withholding, and usually state withholding (depends which state).
danderson_cifs
Apr 14 2005, 02:12 PM
Can you direct me to a specific ruling on this? I am sorry but need to see in writing....
Thanks
Mike Melnick
Apr 14 2005, 02:53 PM
See IRC Section 3121(v)(1)(A), which is part of the definition of wages for FICA purposes. It states that elective contributions under 401(k) are not excluded from the definition of wages.
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