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10 March, 23:17

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

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  1. 11 March, 01:06
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    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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