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David saves $3000of his Year 1 income to spend in Year 2.The interest rate is 16 percent, the tax rate that applies to interest income

David saves $3000of his Year 1 income to spend in Year 2.The interest rate is 16 percent, the tax rate that applies to interest income is 25 percent, and the sales tax rate is 10 percent.If David spends all available funds in Year 2, how much will he pay in taxes on his interest income and how much will he pay in sales taxes?

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