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Assume your gross pay per pay period is $2,500 and you are in the 26 percent tax bracket (ignore provincial taxes). Calculate your net pay

Assume your gross pay per pay period is $2,500 and you are in the 26 percent tax bracket (ignore provincial taxes). Calculate your net pay and spendable income in the following situations:

a. You save $200 per pay period in a TFSA after paying income tax on $2,500. (Omit the "$" sign in your response.) Spendable Income $

b. You save $200 per pay period in an RPP. (Omit the "$" sign in your response.) Spendable Income

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