Nancy has been planning all month how she will spend her


Nancy has just landed her first real job. Her salary is $2,000 per month. Nancy has been planning all month how she will spend her $2,000. When she received her first paycheck, she was very disappointed. The amount of her check was only $1,550.

Explain in general terms why her check was not for $2,000.

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Accounting Basics: Nancy has been planning all month how she will spend her
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