Question: Meric Mining Inc. recently reported $ 1 5 , 0 0 0 of sales, $ 7 , 5 0 0 of operating costs other than

Meric Mining Inc. recently reported $15,000 of sales, $7,500 of operating costs other than depreciation, and $1,200 of depreciation. The company had no amortization charges, it had $406.25 of interest, and its federal-plus-state income tax rate was 35%. How much was the firm's net income after taxes?

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