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1. Annual wage: $54,500. If to contribute to company 401(k) plan per biweekly paycheck. What is the effect of the pre-tax deduction regarding the contributions

1. Annual wage: $54,500. If to contribute to company 401(k) plan per biweekly paycheck. What is the effect of the pre-tax deduction regarding the contributions listed below,

a) $50 per paycheck

b) 5% per paycheck

Which option is better?

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