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Problem 18-6 Calculating Net Pay and Spendable Income (L018-5) Assume your gross pay per pay period is $6,700 and you are in the 33 percent

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Problem 18-6 Calculating Net Pay and Spendable Income (L018-5) Assume your gross pay per pay period is $6,700 and you are in the 33 percent tax bracket Calculate your net pay and spendable income if you save $670 per pay period after paying income tax on $6,700. (Do not round Intermediate calculations.) Net pay Spendable income

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