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Mademuasel [1]
3 years ago
9

Chadwick contributes 17% of his $68,600 annual salary to his 401(k) plan. What is his pre-tax income?

Mathematics
2 answers:
dangina [55]3 years ago
4 0

Answer:

56938

Step-by-step explanation:


Tanzania [10]3 years ago
4 0

Answer:

His pre-tax income is $56938.

Step-by-step explanation:

Consider the provided statement:

Chadwick contributes 17% of his annual salary to his 401(k) plan.

Therefore,

\frac{17}{100} $68,600=17($686)

          =11662

Thus, Chadwick contributes $11662 in 401(k) plan.

Pretax earnings exclude taxes, therefore subtract $11662 from his annual salary.

$68600-$11662=$56938

Hence, his pre-tax income is $56938.

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3 years ago
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