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12 July, 19:01

Eli's gross income as a painter is $30,000 per year, which places him in the 15% approximate tax bracket. How much does he pay in taxes for the year?

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  1. 12 July, 21:52
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    Answer: $4,500

    Explanation: 1% of $30,000 would be $300. If you multiply that by 15, you get $4,500, so 15% of 30,000 is 4,500.
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