Imagine that Indiana State raises the income tax rate by 30%, what possible behavioral response might an IU employee earning $70,000 per year exhibit? Group of answer choices Relocate to Kentucky. Reduce working hours. Increase working hours. The JJ

Imagine that Indiana State raises the income tax rate by 30%, what possible behavioral response might an IU employee earning $70,000 per year exhibit? Group of answer choices Relocate to Kentucky. Reduce working hours. Increase working hours. The JJ

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Imagine that Indiana State raises the income tax rate by 30%, what possible behavioral
response might an IU employee earning $70,000 per year exhibit? Group of answer
choices Relocate to Kentucky. Reduce working hours. Increase working hours. The
information provided is insufficient to determine.

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