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Problem 14-6 Calculating Net Pay and Spendable Income (LO5] Assume your gross pay per pay period is $2,900 and you are in the 26 percent

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Problem 14-6 Calculating Net Pay and Spendable Income (LO5] Assume your gross pay per pay period is $2,900 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 $2,900. (Omit the "$" sign in your response.) Spendable Income $ b. You save $200 per pay period in an RPP. (Omit the "S" sign in your response.) Spendable Income $

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