Assume your gross pay per pay period is $2,700 and you are in the 26 percent tax bracket (ignore provincial tax). 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 $2,700.(Omit the "$" sign in your response.)

Spendable Income$

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

Spendable Income$