4 ms·

210 w-2, 19k 401k, 50k income taxes, 11k employer FICA, so about 61/221 = ~27.6%

• sokoloff 6y ago
  You’re eventually going to pay ordinary income tax on the 401(k) money, so I think you need to either include it in both or exclude it from both rather than treat it as entirely non-taxable as you’ve done above.