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Assume your gross pay per pay period is $3,600 and you are in the 28 percent tax bracket. Calculate your net pay and spendable income

Assume your gross pay per pay period is $3,600 and you are in the 28 percent tax bracket. Calculate your net pay and spendable income if you save $360 per pay period after paying income tax on $3,600. (Do not round intermediate calculations.)

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