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?

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter11: Fiscal Policy And The Federal Budget

Section11.1: The Federal Budget

Problem 2ST

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