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Matthew Song, an employee at Putnam Investments, receives an annual salary of $120,000. Today his boss informed him that he would receive a $3,200 raise.

Matthew Song, an employee at Putnam Investments, receives an annual salary of $120,000. Today his boss informed him that he would receive a $3,200 raise.

a. What percent of his old salary is the $3,200 raise?

b. If Matthew has to pay a 28% income tax on his new salary, how much is his take-home pay?

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