Solo 401(k) - exempt from which taxes?
Hey guys - Single person New Jersey LLC taxed as S-corp setup here (filing quarterly 941s, and just one w-2 for myself as employee). Which taxes is the solo Fidelity 401(k) plan exempt from. Can someone please advise on items 1-14 below thanks:
Federal Income Tax (FIT) - Exempt?
State Income Tax (SIT) - Exempt?
FICA - Not Exempt?
Medicare - Not Exempt?
Local Taxes - Exempt?
Federal Unemployment (FUTA/FUI) - Not Exempt?
State Unemployment Tax (SUTA) - Not Exempt?
8. Federal Income Tax (FIT) - Exempt?
9. State Income Tax (SIT) - Exempt?
12. Local Taxes - Exempt?
13. Federal Unemployment (FUTA/FUI) - Exempt?
14. State Unemployment Tax (SUTA) - Exempt?
February 23, 2023
4:20 PM
