A contractor received $10,000 for a project. Based on the following information, what will the profit be from this job? Material cost=$3500 , labor cost=$2500 , payroll taxes 15% of labor costs, job overhead 20% of total labor costs. (the correct Answer should be 3050. There is no correct answer shown)

A contractor received $10,000 for a project. Based on the following information, what will the profit be from this job? Material cost=$3500 , labor cost=$2500 , payroll taxes 15% of labor costs, job overhead 20% of total labor costs. (the correct Answer should be 3050. There is no correct answer shown)