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Amity Is an Employee with a Period Gross Pay of $2,000

Question 5

Multiple Choice

Amity is an employee with a period gross pay of $2,000. She elects to have 3% of her gross pay withheld for her 401(k) contribution. What will be her taxable income be for federal income taxes?


A) $1,970
B) $1,940
C) $2,000
D) $1,910

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