Reading assignment: Chapter 1, 2 - CSU East Bay

Larry’s income includes his net salary of $55,800; this is the $60,000 salary reduced for the $4,200 (7% x $60,000) contributed to the retirement plan. He also must include $29 in income for the life insurance (80 - 50 = 30 increments x .08 x 12 months = $28.80). ................
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