A contractor receives $10,000 for doing a job based on the following information. What will the profit on the job be? Materials = $3,500; labor = $2,500; payroll taxes = 15% of labor; job overhead = 20% of total costs:

A contractor receives $10,000 for doing a job based on the following information. What will the profit on the job be? Materials = $3,500; labor = $2,500; payroll taxes = 15% of labor; job overhead = 20% of total costs: