Be careful when signing a work$-$for$-$hire agreement if you are a songwriter. You may lose all rights to your song in the copyright law world. If your song sells thousands on iTunes, you do not get to share in any of the publishing income. If you live in New Jersey and iTunes sold five of your songs for a total of $$65,000,$ what is the tax owed at $7\%$Total amount$$ for songs$$65,000\mathrm{.}00$Tax rate$7\%$Required:Use the above information to answer the following:Note:$$ Use cells A$4$ to B$5$ from the given information to complete this question$\mathrm{.}1.$ What is the tax owed?