Answer by tamarawilhite (17883). If it is a traditional IRA, you can deduct that amount off your income taxes. If it is a Roth IRA or Roth 401K contribution, the money comes out of your post-tax income and does not reduce your income taxes.
Reports last week revealed that around 20 actors, presenters and journalists are paid more than Â£500,000 by the BBC, but Sir Michael's promise to MPs that the corporation would publish more precise pay bands will not be upheld following legal advice.
1 BBC Worldwide is the wholly owned commercial subsidiary of the BBC, sells BBC and other British programming for broadcast abroad, supplementing the BBC's licence fee income. 2  In 2013/14, BBC Worldwide generated headline profits of Â£157.4m and headline sales of Â£1,042.3m and returned Â£173.8m to the BBC.