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Lesson 1
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✓ Answer Key
1. Net income is B) What you take home after all deductions are removed from gross
2. In your first week at a new job, prioritize A) Complete TD1 forms, enroll in benefits, and set up RRSP matching immediately
3. Lifestyle inflation is C) When spending automatically expands to match a new higher income level
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You've finished Income Foundations. You now understand how your pay actually works and how to set yourself up financially from day one.
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