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Calculate the net pay on each installment

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Reference no: EM132581982

Sandra has been employed in her current position for 20 years. Her annual salary is $56.000 and is paid bi-weekly. Sandra will be retiring November 30th. Her employer offers her a retiring allowance of 1 week's salary per calendar year of employment. The retiring allowance will be paid in 5 monthly installments. (December 1st, January 1st, February 1st, March 1st, and April 1st)

Question 1: Calculate the Net pay on each installment.

Reference no: EM132581982

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