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1. Increasing your 401k deduction will ________ your take-home pay and __________ your federal taxes in the current year.
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1. Increasing your 401k deduction will ________ your take-home pay and __________ your federal taxes in the current year.

User Thomas Beck
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Increasing a 401k deduction will lower your take home pay, as well as lowering your federal taxes in the current year. This works to your advantage however because that money can be used upon your retiring with at a lower tax rate.
User Sabeen
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