In the above example, calculate your net pay and spendable income if you save $200 per pay

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In the above example, calculate your net pay and spendable income if you save $200 per pay period in a tax-sheltered annuity.

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Personal Finance

ISBN: 978-0077861643

11th edition

Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes

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Question Posted: Sep 15, 2017 12:30 PM

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Assume your gross pay per pay period is $2.000 and you are in the 33 percent tax bracket. Calculate your net pay and spendable income if you save $200 per pay period after paying income tax on $2.000.
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In the above example, calculate your net pay and spendable income if you save $200 per pay

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Personal Finance

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