What is Sams monthly disposable income if his gross annual salary is $120,000, and his...
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Accounting
- What is Sams monthly disposable income if his gross annual salary is $120,000, and his employer withholds monthly income taxes and other payroll deductions of $4,950? Note that Sams monthly fixed expenses are $2,350, while his variable expenses are $2,200. He also contributes monthly savings of $500 to his Tax-Free Savings account.
- $4,950
- $5,050
- $500
- $4,550
- $2,685
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