Fica payroll taxes are not assessed when wages are deferred.
401k plans are defined contrubution plans, as are others, payroll taxes are notsubject to Fica, when earned.
posted by Nick Pennewell, CPA at 10:28 AM
Nicholas J. Pennewell, CPA-Where Every Penny Matters- Brandon, FL 33511
My Brandon, Florida CPA firm provides expert accounting services and tax preparation for individuals, businesses and non-profit organizations at reasonable rates. I strive to sweat the details so that my clients don't have to. Email me at cpapennewell@verizon.net My CPA firm is based out of Brandon FL 33511 but is not limited to the Brandon area. If you need tax preparation, accounting services or advice, this CPA can help! Call me at (813)657-4137 or email at: cpapennewell@verizon.net
Thursday, August 28, 2025
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About Me
- Name: Nick Pennewell, CPA
- Location: Brandon, Florida, United States
I am well versed in the studies of accounting and finance. I have a degree in Accounting from Florida Southern College and also a degree in Finance from the Florida State University.
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