Increasing your 401k deduction will your gross pay and federal taxes in the current year. a. not change, not change b. decrease, increase c. not change, decrease d. increase, decrease e. decrease, decrease

Increasing your 401k deduction will not change your gross pay and decrease your federal taxes in the current year.

Therefore,

The correct answer choice is:

C. Not change, Decrease

The purpose of the 401K account is to save lots of cash for emergencies, invest cash for school, invest cash for retirement, and additionally save cash for vacation. Money unbroken in this account is not counted as dutiable income after you file your revenue enhancement return, that saves you cash.

its ii) i did this test

explanation:

answer; ///deficit;