Violet cotributes 12% of her $55,700 annual salary to her 401 (k) plan. what is her pretax income.

The answer is: Her pretax income is $49,016.

Step by step explanation:-

Her contribution from her salary to her 401(k) plan, is: 12%. Her annual salary is: $55,700.

Then, to solve this problem and calculate her pretax income, you must following the steps below:

1. You must calculate the amount that Violet contributed to her 401(k) plan. So, you have:

12%/100=0.12

($55,700x0.12)=$6,684

2. Now, you must subtract her annual pay ($55,700) by the amount obtained ($6,684), as below:

Pretax income- $55,700-$6,684 Pretax income-$49,016

What is her pretax income?

Hope it helps you!

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