Answer:
To calculate the net pay and spendable income , we need to first find out the tax amount deducted from the gross pay.
Tax amount = gross pay * tax rate = $5,200.00 * 0.33 = $1,716.00
Net pay = gross pay - tax amount - saving amount = $5,200.00 - $1,716.00 - $520.00 = $2,964.00
Spendable income = net pay + saving amount = $2,964.00 + $520.00 = $3,484.00
Therefore, the net pay is $2,964.00 and the spendable income is $3,484.00. Remember to round the answers to the nearest whole dollar.
Step-by-step explanation: