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Larry works for Merit and Merit Bookkeeping as an accountant. As part of his employment package, he is able to make contributions to his 401(k)

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Larry works for Merit and Merit Bookkeeping as an accountant. As part of his employment package, he is able to make contributions to his 401(k) plan from his wages. His employer makes a matching contribution of 3% to the 401(k). How will the 401(k) contributions be handled on Larry's Form W-2? Select one: a. Employee contributions are not reported, and employer contributions are reported in box 14 . b. Employee contributions are reported in box 12 as deferred compensation, and employer compensation is not reported. c. Employee contributions are reported in box 1, and employer contributions are reported in box 12. d. Employee contributions are reported in box 14, and employer contributions are included in box 1 . e. None of these

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