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06-06-2023
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Assume your gross pay per pay period is $5,200.00 and you are in the 33 percent tax bracket. Calculate your net pay and spendable income if you save $520.00 per pay period in a tax-sheltered annuity. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) Answer is complete but not entirely correct. Net Pay & Spendable Income $ 3,484 $ 2,964 Net pay Spendable income

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