Employer-sponsored tax-sheltered annuity

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Reference no: EM131902902

Assume your gross pay per pay period is $4,000 and you are in the 33 percent tax bracket. Calculate your net pay and spendable income if you save $400 per pay period in an employer-sponsored tax-sheltered annuity. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.)

Reference no: EM131902902

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