Jerome is so pleased with your able assistance; he asks you about taxes. He knows there must be some out there, but hes not real sure about it. He is the sole owner of his business. You do the research and produce the following pertinent figures: Jerome earned $45,000 in net income last year. As of yet, no taxes have been paid. The business reports $3,000 in taxable personal property. The current excise tax rate is 2% of net income. The current personal property tax rate is 4%. How much should Jerome expect to pay in taxes based upon the information given above?