Mustafa contributes 11% of his $67,200 annual salary to his 401(k) plan. What is his pretax income?

2 answers:

6 0

You have to subtract the 11% that you are putting into your 401k to find out how much you are earning and that you're not putting into retirement.

67,200*0.11 = 7,392

67,200 - 7,392 = 59,808

Juli2301 [7.4K]3 years ago

5 0

11% of $67,200.
We need to keep in mind that some words and numbers here aren't important, like 401(k) plan.
So what is 11% of $67,200?

$\frac{11}{100} * $67,200
$

$11*$672$

$7392

Hope this helps!

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