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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
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 $
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