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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

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.)

Net pay
Spendable income $1,206

Net pay is NOT 1800

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