Question

The state tax Patrick must pay on the initial profit is .

Answer 1

The state tax Patrick must pay on the initial profit is $346.25.

The federal tax he must pay on the initial profit is $1,731.25.

The inflation on the amount remaining after taxes is $145.43.

As a result, the real value of Patrick's profit in whole dollars is $4,702.

Step-by-step explanation:

cause yes

Answer 2

The state tax Patrick must pay on the initial profit is $350.