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chadwick contributes 17% of his 68,000 annual salary to his 401(k)plan.What is his pre-tax income?
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chadwick contributes 17% of his 68,000 annual salary to his 401(k)plan.What is his pre-tax income?
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Mathematics
4 years
2021-08-13T04:27:14+00:00
2021-08-13T04:27:14+00:00 1 Answers
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Therefore, Thus, Chadwick contributes $11,662 in 401(k)plan. Pretax earnings exclude taxes, therefore subtract $11,662 from his annual salary.Hence, his pre-tax income is $56,938