Bill Jackson had a total taxable income of $3000. Bill’s employer wants him to work another month during the summer, but Bill had planned to spend the month hiking. If an additional month’s work would increase Bill’s taxable income by $2000, how much more money would he have after paying the income tax?

Bill Jackson had a total taxable income of $3000. Bill’s employer wants him to work another month during the summer, but Bill had planned to spend the month hiking. If an additional month’s work would increase Bill’s taxable income by $2000, how much more money would he have after paying the income tax?

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter16: The Public Sector

Section: Chapter Questions

Problem 7SQP

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