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22-02-2016
Mathematics

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How much taxes do I pay if the taxes are 2.5% and I make 80,000 a year?

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Minnie101 Minnie101

22-02-2016

Percentage of taxes = 2.5%
Amount of income = $80000
Amount of money paid = (2.5/100) * 80000
= 2.5 * 800
= 2000
So $2000 is the amount needed to pay taxes every year.

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