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Good Morning to you all
Can anyone help me with this...
The IRS states that employer contributions to a
qualified retirement/pension plans are exempt from Medicare taxes. Does this
exemption cover the 7% (or 9%) PERS employee contributions paid by the employer
(Employer Paid Member Contributions) ?
Thanks.
Jag Pathirana
Accounting Manager
City of Hawthorne
(310) 970-7927
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