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QUESTION
Mark has to pay a state tax of 10% and a federal tax of 25% on the amount he receives from selling his house. What steps would he have to take to find all the taxes he will pay on the house he just so
Mark has to pay a state tax of 10% and a federal tax of 25% on the amount he receives from selling his house. What steps would he have to take to find all the taxes he will pay on the house he just sold for $250,000?
