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Suppose you are self - employed and need to budget $ 1 1 , 5 0 0 for projected state and federal taxes. How much

Suppose you are self

-

employed and need to budget $

11, 500

for projected state and federal taxes.

How much should you prepay each quarter to meet your projected taxes by the end of the year?

How much would you need to set aside each month in order to have enough to pay your estimated quarterly taxes? Round your answer to the nearest cent.

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