Question
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
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 in a tax-sheltered annuity.(Do not round intermediate calculations.)
What is the Net Pay?
What is the Spendable Income?
DO NOT ANSWER THE QUESTION AS THIS QUESTION: 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. (Do not round intermediate calculations.)
this is my second time posting this question PLEASE READ THE FULL WORD PROBLEM AND DO NOT JUST LOOK AT THE NUMBERS THE QUESTIONS ARE DIFFERENT!!!!!!!!
THE ANSWERS ARE NOT :
Net Pay 1,340
Spendable Income 1,140
these are the answers for the question I DO NOT WANT ANSWERED.
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