What is one main difference between a 401(k) and a Roth IRA?

A 401(k) is something you can sign up for individually; a Roth IRA is something your employer offers.

A 401(k) does not offer profit sharing options but Roth IRAs do.

You contribute post-tax money to a 401(k) and pre-tax money to a Roth IRA.

You contribute pre-tax money to a 401(k) and post-tax money to a Roth IRA.

On january 8, the end of the first weekly pay period of the year, regis company's payroll register showed that its employees earned $22,760 of office salaries and $70,840 of sales salaries. withholdings from the employees' salaries include fica social security taxes at the rate of 6.20%, fica medicare taxes at the rate of 1.45%, $13,260 of federal income taxes, $1,450 of medical insurance deductions, and $860 of union dues. no employee earned more than $7,000 in this first pay period. required: 1.1 calculate below the amounts for each of these four taxes of regis company. regis’s merit rating reduces its state unemployment tax rate to 3% of the first $7,000 paid to each employee. the federal unemployment tax rate is 0.60