Question: Which of the following contributions is exempt from FICA tax? A. Ciara contributed $3,000 to a Roth 403(b) account. B. Julie contributed $2,000 to a

Which of the following contributions is exempt from FICA tax?

A. Ciara contributed $3,000 to a Roth 403(b) account.

B. Julie contributed $2,000 to a traditional 401(k) account.

C. Nathan contributed $1,000 after-tax to an HSA.

D. Will contributed $2,500 to a daycare FSA.

Step by Step Solution

3.43 Rating (156 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The detailed answer for the above question is provid... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!