Pay period in employer-sponsored tax-sheltered annuity

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Reference no: EM131599760

Assume your gross pay per pay period is $4,800 and you are in the 33 percent tax bracket. Calculate your net pay and spendable income if you save $480 per pay period in an employer-sponsored tax-sheltered annuity. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) (I saw the same question on your web, but it's wrong answer, so please give a correct solution)

Reference no: EM131599760

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