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.
Journalists who reported more years of relevant experience also reported higher earnings. Although individuals who have less than five years' experience earn $33K on average, people with five to 10 years benefit from a notably larger average of $42K. On average, Journalists make $54K following one to two decades on the job. Journalists with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $62K.