By 1914 the American economy had transformed into an agricultural giant

Refer to Table 20.1. George is a single taxpayer with an income of $65,000. If George had received a raise of $3,500 at the beginning of the year, he would have paid an additional ________ in income tax

A) $665 B) $945 C) $1,000 D) $1,330

According to the theory of efficiency wages, firms operate more efficiently if wages are below the equilibrium level

a. True b. False Indicate whether the statement is true or false