Question: Dan just received a $ 2 , 0 0 0 end - of - year bonus from his employer. If he pays a 2 5

Dan just received a $2,000 end-of- year bonus from his employer. If he pays a 25 percent marginal tax rate for federal income taxes, his state income tax is 5 percent, and the Social Security tax rate is 7.65 percent, approximately how much of the $ 2,000 bonus will Dan have left to spend on holiday gifts?

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