Question: Contributions for 4 0 1 ( k ) and 4 0 3 ( b ) plans are Blank _ _ _ _ _ _ and

Contributions for 401(k) and 403(b) plans are Blank______ and thus reduce the employee's Blank______
Multiple choice question.
pretax; taxable income
after tax; total income
pretax; total income
after tax; taxable income

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