Assume that your gross pay per pay period is $2,000 and that you are in the 26

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Assume that your gross pay per pay period is $2,000 and that you are in the 26 percent tax bracket (ignore provincial taxes). Calculate your net pay and spendable income in the following situations:
a. You save $200 per pay period after paying income tax on $2,000.
b. You save $200 per pay period in a RRSP.
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Personal Finance

ISBN: 978-1259453144

6th Canadian edition

Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino

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