According to IRS Pub. 560, "salary reduction contributions are subject to social security, Medicare, and federal unemployment (FUTA) taxes" when applied to a SIMPLE IRA.If I was to contribute $6000, would I really be contributing the maximum allowable? To contribute the maximum possible, do I need to take into account the taxes which will be withheld and thus contribute more than $6000?--Brad
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M