Respuesta :
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,
[tex]\frac{17}{100} $68,600=17($686)[/tex]
[tex]=11662[/tex]
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.
