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Arbitrator, Mediator, or Conciliator

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Stable

Real-Life Activities

Real-Life Math -- Solution

To begin with, you need to figure out what each client owes before taxes.

$5,432 total / 2 clients = $2,716 each client

Now add on the tax.

$2,716 x 0.15 = $407.40
$2,716 + $407.40 = $3,123.40

Each client will receive a bill for $3,123.40.


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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.