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Supposed you work for an accounting firm all year and earn a monthly salary of $4,000. There is no overtime pay. Your withheld deductions are

Supposed you work for an accounting firm all year and earn a monthly salary of $4,000. There is no overtime pay. Your withheld deductions are 20 percent of gross pay. In addition to payroll deductions, you choose to contribute 4 percent monthly to your pension plan. Your employer also deducts $60 monthly for your payment of the health insurance premium. Compute your net pay for November.

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