Problem $18-10$ Calculating Net Pay and Spendable Income $[$LO$18-6]$

Assume your gross pay per pay period is $$6,700\mathrm{.}00,$ and you are in the $33$ percent tax

bracket. Calculate your Taxable pay and spendable income if you save $$670\mathrm{.}00$ per

pay period in a tax$-$sheltered annuity.

Note: Do not round intermediate calculations. Round your answers to the nearest

whole dollar.

Answer is complete but not entirely correct.