Suppose that you are earning the maximum amount of money within the 28% tax bracket. If you receive a $1000 raise next year this will place you in the 33% tax bracket. Calculate your tax burden and the amount of increase in your "take-home" pay
What will be an ideal response?
The $1000 raise will generate a $330 increase in tax burden and a $670 increase in "take-home" pay.
Economics
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Who among the following is the most likely to invest in human capital?
A) A person with a low rate of time preference B) A person with a high rate of time preference C) A person with no time preference D) None of the above.
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Which of the following programs is not included in the federal income security spending?
a. Social Security b. welfare c. education d. unemployment compensation
Economics