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What does pretax mean?

Looking for the meaning or definition of the word pretax? Here's what it means.

Adjective
  1. Before the payment of taxes.
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Examples
Doctors' pretax starting salary of 800 litas a month is less than double the 450 litas minimum wage.
Pretax corporate profits rose by a total of 23.5 percent over the three years.
This could have many benefits, with HCEs maximizing pretax deferrals, employers saving on plan administration costs and eliminating the return of excess contributions.
The Treasury Department and the IRS recently announced that over-the-counter drugs could be paid for with pretax dollars through health care flexible spending accounts.
If the rollover is to two or more plans, then the recipient can select how the pretax amount is allocated among these plans.
Because you're using pretax dollars, the accounts can slash your out-of-pocket costs by a third or more.

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