1.Which of the following statements is false regarding an employee’s contribution into a 401(k) tax deferred retirement account? a.The employee’s contributions are not subject to FICA tax. b.Upon reti

Posted: December 30th, 2021

1.Which of the following statements is false regarding an employee’s contribution into a 401(k) tax deferred retirement account?
a.The employee’s contributions are not subject to FICA tax.
b.Upon retirement, the employee will receive their contributions back in the form of regular payments.
c.None of these statements are correct.