Seudónimo Seudónimo
  • 22-11-2016
  • Mathematics
contestada

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

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Аноним Аноним
  • 22-11-2016
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?

[tex] \frac{11}{100} * $67,200 [/tex]

[tex]11*$672[/tex]

$7392

Hope this helps!
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lizzz87
lizzz87 lizzz87
  • 17-09-2018

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

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