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

You have that:

- 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?

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