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.
The median salary for reporters, correspondents and broadcast news analysts -- a group that includes magazine reporters -- was $36,000 a year as of May 2010. No matter the pay, junior level writers are likely to earn the low end of the scale.