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    Payroll Accounting 2020 Study Set 2
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    Exam 3: Social Security Taxes
  5. Question
    If an Employee Defers Compensation into a 401(k) Plan, the Deferral
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If an Employee Defers Compensation into a 401(k) Plan, the Deferral

Question 55

Question 55

True/False

If an employee defers compensation into a 401(k) plan, the deferral (payroll deduction) is still subject to social security taxes.

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