Say the following are deductions on a typical income, Pension deductions are 5% Employment Insurance deductions are 2.4% And Income Tax deductions are as follows For annual salaries, on the first $11,000, no income tax is paid,
On the first $11,000 to $25,000, 8% of the income is deducted,
On the first $25,000 to $50,000, 12% of the income is deducted,
On the first $50,000 to $100,000,15% of the income is deducted,
And on the rest of the income, 20% of that income is deducted.
Henry makes an annual gross salary of $70,000, what is his net salary? Show work