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I was paid $78,064, which I'm taxed on for Social Security and Healthcare. I put $6,645.72 (8.5% of salary) in the 401k, making my federal income taxable earnings $64,744.

Copyright 2010 by RioneX IP Group LLC. All rights ordered. This material may be freely copied and distributed subject to inclusion of these copyright notice, author information and all the hyperlinks are kept unchanged.