how to do payroll deductions 401k

how to do payroll deductions 401k


The best approach is to use payroll software.  Payroll software automatically calculates net pay, Federal, Social Security, Medicare, state and local payroll taxes.  Payroll Mate is a nice software that allows the user to fully customize income, tax and deductions to their needs. This includes 401K deductions that may or may not be a pre- tax deduction.