contestada

Assume your gross pay per pay period is $4,900.00 and you are in the 33 percent tax bracket. Calculate your net pay and spendable income if you save $490.00 per pay period in a tax-sheltered annuity. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.)

Respuesta :

anthougo

The calculation of your net pay is $3,283, and your spendable income is $2,793 per pay period.

The computations are done as follows:

Data and Calculations:

Gross pay per pay period = $4,900

Tax bracket = 33%

Net pay = $3,283 ($4,900 x (1 - 33%)

Spendable income = $2,793 ($3,283 - $490)

Thus, your net pay is $3,283, and your spendable income is $2,793 per pay period.

Learn more: https://brainly.com/question/1029412

Otras preguntas