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Chadwick contributes 17% of his 68,000 annual salary to his 401(k)plan.What is his pre-tax income?

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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User Charles Anderson
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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
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User Mclaassen
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