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Revision as of 17:28, 5 March 2025
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He desire to know fundamentally was worried that I paid considerably to Uncle sam. Of course there wasn't any need so that i can worry because I had made sure the proper amount of allowances were recorded in my small W-4 form with my employer.
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If the $100,000 every twelve months person didn't contribute, he'd end up $720 more in his pocket. But, having contributed, he's got $1,000 more in his IRA and $280 - rather than $720 - in his pocket. So he's got $560 ($280+$1000 less $720) more to his person's name. Wow!
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