Suppose you are paid a wage of $50 per hour. if your marginal income tax rate is 20%, then for every additional hour you work, your after-tax wage is
A) $10.
B) $20.
C) $25.
D) $40.
D
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The features of the M-Form of firm organization are
a. divisions have difficulty responding to market changes b. it is difficult to maintain customer relationships c. coordination across divisions is simple and does not take much management time d. employee evaluation is hampered by managers often having different skill sets than those the manage
Some economists argue that the minimum wage:
A. leads some employers to pay workers cash and then report these payments to the government. B. drives some labor to occur "under the table." C. causes some employers to hire undocumented migrants driving up wages overall. D. All of these are true.
Foreign aid:
A. provided by developed countries to developing countries represents about 10 percent of the GDP of developed countries. B. is an important source of funding for investment in most developing countries. C. does not contribute much to domestic investment in most developing countries. D. is largely wasted in most developing countries because it comes with no strings attached.
Which group of policies aims at extracting all consumer surplus?
A. Price matching and randomized pricing. B. Price discrimination and peak load pricing. C. two-part pricing and block pricing. D. Cross-subsidization and brand loyalty.